Bounce day for the GBP. After the losses accumulated in recent sessions, the British currency has returned to rise, reaching the maximum value for five and a half months. In fact, the pound went beyond the psychological threshold of 1,300 against the dollar (up to a maximum of 1,3011); against the euro, on the other hand, the exchange rate reached 85,91 pence.
Triggering the rally was news that the Northern Irish Unionist Party After (decisive for the majority of Conservatives in Westminster) has said he will not support any amendment to the customs union agreement with the EU. Opponents of Prime Minister Boris Johnson are hoping to insert an amendment that imposes a single customs union for the United Kingdom.
The Dup's position therefore increases the chances that during the week the Parliament votes on the agreement joined by Johnson on London's farewell from the EU, which effectively foresees the permanence of Northern Ireland in the single European market, with the movement of the UK-EU border into the Irish Sea.
This would avoid both the disastrous prospect of a hard Brexit starting November XNUMXst and a new (and problematic) postponement of the date of Great Britain's exit from the EU.
