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Brexit delay heightens calls for an upcoming UK election
The British pound eroded its weekly trading gains against the U.S Dollar on Wednesday, as market jitters increased over fears of an upcoming UK election battle. UK Parliament voted to back British PM Boris Johnson’s Brexit deal, however, lawmakers inside the House of Commons ruled against fast-tracking the new deal into law before October 31st.[…]
Canadian Dollar holds firm as Trudeau secures minority government
The Canadian Dollar remained unfazed on the foreign exchange market on Tuesday, as Justin Trudeau secured a second-term election victory, with a minority Canadian government. The USD/CAD pair held onto its recent trading gains, as a slim victory by Trudeau was already predicted in the election polls. A minority government came to pass, as the[…]
Boris Johnson’s Brexit battle drags on in UK Parliament
British PM Boris Johnson faced another day of opposition in the House of Commons on Monday, as he attempted to get his new Brexit deal approved by lawmakers inside UK Parliament. The atmosphere remained tense after MP’s voted-down his new Brexit proposal over the weekend, placing PM Johnson in a precarious position ahead of the[…]