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UK former Attorney General Cox sceptical on new bill

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Speaking on the Internal Market's Bill

  • PM Johnson's plan to break international law would do 'unconscionable harm' to the UK's reputation.
So, this is one of the major objections to the new bill. Others say it is wise to have a 'plan B' if the EU-UK trade deal fails to materialise. 
 
All of this is likely to weigh on the GBP unless opposition grows so much and that looks like stopping the bill go through Parliament. That would be short term GBP positive if the bill if blocked. The House of Lords are said to be very sceptical on the bill.  However, not sure on the numbers/will on blocking the bill yet. One to watch for sure 
 
 

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In terms of brexit updates - I was glad to hear that UK has extended the olive branch by offering tentative concessions on fisheries..hopefully this will open the way for a smoother deal negotiations..The Pound was seen to gain some strength following this..
The sterling gained traction despite fears of a no-deal Brexit and exerted some pressure.

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