Avoiding hard Brexit

The British Prime Minister Theresa May decided to work with the Wild Labor Party to resolve the dilemma and to meet with the Labour Party leader Jeremy Corbyn. The market Britain avoided the unofficial Brexit (hard exchange), the pound is good.

Sterling rose more than 3% this year.

Since the Labor Party has stayed in the soft Brexit program such as the Customs Union, the market is expected to avoid the hard Brexit market, stimulating the British pound to slam 0.5% yesterday, hitting a one-week high of 1.3196 US dollars.

At 0:00 this morning, the pound rose 0.4% to $1.3182, against the Hong Kong dollar at 10.37478; the US dollar index fell 0.3% to 97.1; the euro rose 0.3% to $1.1242; the yen fell 0.1% to 111.48 against $1. Every 100 yen is HK$7.0427.

Affected by the Brexit process, the pound has recently reversed, but it is still the best performer in the G10 currency this year, up 3.3% against the US dollar. Goldman Sachs believes that the biggest investment opportunity in the developed countries’ currencies is in the pound.

Wells’s second official resigned, dissatisfied with compromise

After Wen Cuishan held a seven-hour meeting with the cabinet members yesterday, the Daily Telegraph reported that 14 members of the foreign ministers Jeremy Hunt and the Brexit Minister Stephen Barclay all opposed the extension of the Brexit deadline. I would rather have a hard leave from Europe; but 10 people, including Philip Hammond, support further extensions, and should not rule out a second referendum.

In the end, Wen Cuishan chose to cooperate with the Labor Party. In disguise, the opportunity for “softer Brexit” and even “Fake Brex” increased greatly, causing strong dissatisfaction from the Conservative Party, and Nigel Adams, the deputy of the Welsh Affairs Department. ) Announced his resignation to protest.

Adams, who is also a party whip, said that Wen Cuishan’s intention to compromise with the Labour Party was a “grave error” that would force Britain to remain in the customs union; he believed that Britain should move toward “controlled unresolved Brexit” ( Managed no-deal).

In his resignation letter, Adams said that he and many people agreed with Wen Cuishan’s past statement: “No agreement is better than bad agreement; but he does not agree that Wen Cuishan now believes that compromise with Marxists (meaning Hao Erbin) is Better than no agreement, and Hao Erbin never put the interests of the British on his own political interests.”

European Commission President Jean-Claude Juncker said that unless the British Parliament passes the Brexit plan before the deadline of next Friday (12th), it will not approve a short-term delay in Brexit.

The UK has only two options at the time: hard Brexit or long-term delay in Brexit.