The Brexit will continue normally

Weekly Report - 23/12/2019

Brexit What Happens Now?


The Brexit continues normally, although there will be a pause in steps the following days ahead, providing opportunity for consideration. The last week's elections were a hint of what is coming next. The prime minister Johnson's previous losses are now considered to be over. The support he received has encouraged him to continue towards his plan for a Brexit whether they have a deal or not. Even opposition cabinet divisions are now promoting the Brexit motion. The people choose the country's course after all and they delivered clearly in favor of drawing a line to end the Brexit fiasco that sent British politics in a standoff.

Week that was

Last Thursday the House of Representatives voted to impeach the President of the United States Donald Trump. This important vote records the name of the president as the third president to be charged with high misdemeanors and misconducts and will be put in front of the Senate for a hearing that could remove him from the administration. Following Wednesday votes, Stephanie Grisham the White House press secretary explained that the impeachment as unconstitutional and she responded in a statement, that the president, “is confident the Senate will restore regular order, fairness, and due process,” and he is ready “for the next steps and confident that he will be fully exonerated.”


Main Focus This Week

It’s a particularly calm week on the economic calendar, with weak stats to watch. With numerous markets closed in the middle of the week, volatility will be on the thinner side especially over the US and European markets. As for the famous greenback, November new home sales will be in focus on Monday, with a retracement from a more than 0.5% drop in October required to maintain the strength of the famous Dollar.


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