Turbo-charging the preparations of a no-deal Brexit, the UK Finance Minister Sajid Javid announces £2.1 billion in extra spending, as per The Telegraph. The news report further claims that the £2.1 billion in extra spending will be on top of an existing £2.1 billion set aside for Brexit. The new money will be funded by dipping into Philip Hammond’s £26.6billion warchest. The piece also quotes the Chancellor while saying that “We want to get a good deal that abolishes the anti-democratic backstop. But if we can’t get a good deal, we’ll have to leave without one. This additional £2.1 billion will ensure we are ready to leave on October 31 – deal or no deal.” FX implication Despite witnessing no immediate impact of the news, the UK lawmakers’ preparedness for a no-deal Brexit is likely to keep weighing on the GBP/USD pair. 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 AUD/USD: 0.6830 in the spotlight with all eyes on second-tier Aussie data, China’s Caixin PMI FX Street 4 years Turbo-charging the preparations of a no-deal Brexit, the UK Finance Minister Sajid Javid announces £2.1 billion in extra spending, as per The Telegraph. The news report further claims that the £2.1 billion in extra spending will be on top of an existing £2.1 billion set aside for Brexit. The new money will be funded by dipping into Philip Hammond's £26.6billion warchest. The piece also quotes the Chancellor while saying that "We want to get a good deal that abolishes the anti-democratic backstop. But if we can't get a good deal, we'll have to leave without one. This additional £2.1 billion… Regulated 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.
