International Pounds dives on report Johnson to abandon Brexit talks

Pounds dives on report Johnson to abandon Brexit talks




- Advertisement -

The pound tumbled more than one percent against the dollar Monday, as Britain’s Sun newspaper said Prime Minister Boris Johnson is set to abandon post-Brexit trade talks with the European Union.

The Sun reported on its website that “Johnson is ready to pull out of talks ‘within hours’ over EU demands”.

Sterling slumped 1.2 percent against the dollar and was down 1.0 percent versus the euro.

And after gaining slightly at the open, London’s benchmark FTSE 100 stocks index was down 0.2 percent.

- Advertisement -

Losses across the eurozone were sharper, with Frankfurt’s DAX 30 index sliding 0.7 percent and the Paris CAC 40 slumping 1.0 percent.

“Sterling-risks to Brexit no-deal endgames were exposed this morning as the chatter was less optimistic than many of us thought it would be,” said Neil Wilson, chief market analyst for

Negotiations remained blocked over fishing rights, rules for fair trade and an enforcement mechanism, European diplomats said.

But talks will continue despite the tight timetable for the European Parliament to ratify an accord before the UK leaves the single market on December 31, with one source stressing that “substance will take precedence over the calendar”.

© Agence France-Presse

Follow us on Social Media

Send in your scoops to 

- Advertisement -

Ngee Ann Poly student accused of robbing woman at knifepoint 

Singapore—A Ngee Ann Polytechnic student, then 17 years old, was accused of robbing a woman at knifepoint in Lengkong Tiga last year. He was able to get $40 from her during the robbery. The incident occurred at about 1 am on Oct 3,...

Heng Swee Keat steps aside as leader of the PAP’s 4G team after doubts over ‘am I the right person?’

Singapore -- In a letter to Prime Minister Lee Hsien Loong on Thursday (Apr 8), Deputy Prime Minister (DPM) Heng Swee Keat announced his decision to step aside as leader of the People's Action Party's fourth-generation (4G) team. This means that Mr...

Yee Jenn Jong says the volunteers doing food distribution “simply want to make sure the giving continues”

Singapore -- Celebrating one year of community food distribution, Workers’ Party (WP) politician Yee Jenn Jong says that their journey started “Exactly a year ago, on day 1 of the Circuit Breaker”. In a Facebook post on Wednesday (Apr 7), Mr Yee...
Follow us on Social Media

Send in your scoops to