At the height of Monday’s working morning, the English pound began to rise sharply. Thus, at 11:30 (MSK) its rate against the dollar historically exceeded 1.3. The last time this happened was around May 2018.

What is going on? The Daily Mail today described the situation around Brexit after Monday with the unequivocal phrase: “Welcome to Hell.” You can understand. Parliament again confused everyone and put Prime Minister Johnson in an awkward position.

Let me remind you: the House of Commons has not taken any decision on a new agreement with the EU. He had to ask for a reprieve again, although he promised not to. About how the prime minister spoke in response, today you can read in any newspaper. That’s not what matters.

There is a chance that everything will be solved today. Bloomberg writes that on Monday British parliamentarians can still accept the draft of Johnson’s new agreement. This is likely to add optimism to the markets. And, by the way, I do not rule out that still add in the price of dollar bonds Jaguar Land Rover.

How will it really be? In this “The Great Exit Saga, it is even more pointless to predict anything about the progress of the process than in the Great Trade War Saga.” Almost certainly we can say only one thing – THE DO. Sooner or later.
The deal, in the end, is needed by all.

GBP/USD

GBP/USD

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