Today, the British House of Commons voted on the Brexit plan proposed by Prime Minister Johnson last week.
On Monday (14th), the British House of Commons will vote on Prime Minister Johnson’s proposal last week that if Britain leaves the European Union without a deal at the end of this year, the United Kingdom will no longer need to implement some of the plans reached with the EU in January this year. It is understood that in the British House of Commons, the Conservative Party holds a majority of 80 seats. However, many Conservative Party members have indicated that they do not support the actions of the Johnson administration. The market is concerned about the vote in the House of Commons tonight. If the above plan is passed, it is expected that future negotiations with the EU on Brexit will be more difficult, and it will definitely increase the risk of Britain leaving the European Union without a deal. All this is not good for the pound.
The Bank of Japan has a good chance to keep all monetary policies unchanged
The Bank of Japan has a good chance of maintaining all monetary policies unchanged this week. The reason is simple, because Japan’s Liberal Democratic Party only formally elected a new prime minister this Wednesday. I believe it will take some time for the governor of the Bank of Japan Haruhiko Kuroda and the new prime minister to formulate a new monetary policy when the new prime minister is finalized. As for the Bank of England, it is currently facing uncertainties about Brexit. I believe that from now to the end of the year, the Bank of England will not change its monetary policy. Leave the ammunition and wait until the end of the year’s Brexit situation is confirmed before making corresponding actions.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/