According to Tim Riddell, Research Analyst at Westpac, UK PM May’s vulnerability has continued this week as amendments to the Withdrawal (Brexit) Bill have highlighted the widening differences of opinion within the minority Tory Party. Key Quotes “This will be a recurring issue as Brexit negotiations progress to customs and trade issues, as well as the contentious Irish border.” “All of this is likely to appear like procrastination and push negotiations back with increasing frustration in EU and within UK. Such uncertainty is also being manifest in delaying UK investment.” “This has been most apparent within the faltering UK retail sector but there are also signs of faltering in other service area as well as recently firm export-orientated manufacturing sector. The next BoE Agents’ Report will therefore provide important insights which are also critical for the BoE.” “Avoiding defeat this week may allow GBP to stabilise, but Brexit issues will return, weighing on both confidence and BoE, GBP/USD rebounds should struggle around 1.3500 as a 1.28-1.37 range develops.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Switzerland: More of the same from the SNB – ING FX Street 3 years According to Tim Riddell, Research Analyst at Westpac, UK PM May's vulnerability has continued this week as amendments to the Withdrawal (Brexit) Bill have highlighted the widening differences of opinion within the minority Tory Party. Key Quotes "This will be a recurring issue as Brexit negotiations progress to customs and trade issues, as well as the contentious Irish border." "All of this is likely to appear like procrastination and push negotiations back with increasing frustration in EU and within UK. Such uncertainty is also being manifest in delaying UK investment." "This has been most apparent within the faltering UK retail… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
