A bluff but the consequences are already quite real Boris Johnson wants the e. U. To take a no deal breaks seriously forcing the bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted it slid steadily against the dollar leading up to johnsons election as conservative party leader it fell after his meeting with german chancellor Angela Merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. There have been fleeting gains here and there but at about a 1. 22 the pound is muddling around lows last seen more than 2 years ago and it could get worse analysts polled by bloomberg predict a node that could dump the currency to a 34 year low of a 1. 10. Driving those forecasts is the sheer lack of uncertainty over what a no deal would bring coming out do you have any sort of agreement its a leap into the unknown its going to stall to happen before so they would want some sort of
A bluff but the consequences are already quite real Boris Johnson wants the e. U. To take a no deal breaks seriously forcing the bloc back to the negotiating table but with every lurch toward his october 31st deadline the pound has reacted it slid steadily against the dollar leading up to johnsons election as conservative party leader it fell after his meeting with german chancellor Angela Merkel failed to produce a breakthrough and then today a slide of more than one percent before recovering some losses. There have been fleeting gains here and there but at about a 1. 22 the pound is muddling around lows last seen more than 2 years ago and it could get worse analysts polled by bloomberg predict a node that could dump the currency to a 34 year low of a 1. 10. Driving those forecasts is the sheer lack of uncertainty over what a no deal would bring coming out of the e. U. Of any sort of agreement its a leap into the unknown its something thats hope to happen before so they would want som
Chip away at stock prices in asia as straight as a way to clarity on when the conflict will end hong kongs hang seng index slates north point 4 percent during festive trading because of concerns of a lack of progress in talks between the 2 sides markets in china also faulted on fears the dispute is pushing us towards a global recession stocks in the United States and it wednesday higher but remain lower for the month thanks to the trade war with beijing and the notorious inverted yield curve. And there is something to discuss now with our Financial Market correspondent ashutosh upon day who is standing by for us at the Frankfurt Stock Exchange could you please elaborate a bit for us on this inverted yield curve well its not thought it. Well typically governments be more money for boarding for a longer period of time to 10 years than they paid for 5 or 2 years and when you thats compensated for same flesh earn and also compensate investors for risking their money for a longer period of
British importers who are actually having to shell out more money for their ports so thats thats how the pound is affecting them now if you talk about tourism British Travelers have been forced to shelve their travel plans specially in the Holiday Season thats because of. Pound and that has actually hurt the Airlines Industry ryanair among them has blamed for its poor results remember a lot of revenue in pounds so thats a definite negative for in fact one. Of the few brits. Many destination in cyprus that folded up also citing reasons a link to be. Found. Tell me if im wrong but it sounds like the brits dig narrow grave. Well im not sure about the brits birds certainly the leader is taking a huge Political Risk hes going with. All the high gear and perhaps hes aware or not aware that this highways anything but smooth. Its a few prime ministers in the past have taken on the pound and they have been left humble and it includes prime ministers whove been far more companies to them borders
Women back home full of bones by them to continue in social norms and inform them about deadbeats and why. My name is them out of the home and i wore them. Boris johnson goals wrote the british Prime Minister that receives the queens blessing to suspend Parliament Making a periodic of no deal brecks it much more likely will bring you the latest on a tumultuous day in the u. K. Also coming up a good barbecue this part of argentina as National Identity but with the peso plunging well show you 2 which links arjun times will go to have some salt beef on the grill and new ideas in a driving electric mobility into the house. Im chris cuomo welcome to the program on a day when a no deal brags it has become much more likely. Prime minister Boris Johnson will suspend parliament in the run up to his october 31st brags a deadline he even got her majesty the queen is approval the move gives his political opponents even less time to block a potentially chaotic withdrawal from the european union. Ma