International Pounds dives on report Johnson to abandon Brexit talks

Pounds dives on report Johnson to abandon Brexit talks

Author

Date

Category

- 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 Markets.com.

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

- Advertisement -

Police arrest man who broke into neighbour’s flat and kissed her while she was sleeping

Singapore—The police arrested a man who let himself into his neighbor’s unit and kissed her while she was sleeping. The incident occurred on Monday morning (Jan 18) at a building along Tampines Street 83. Ironically, the man called the police himself around noon...

Design submitted by Temasek Polytechnic students selected as logo for Budget 2021

Deputy Prime Minister and Minister for Finance Heng Swee Keat revealed that a design submitted by a group of Temasek Polytechnic students has been selected as the logo of Budget 2021, which will be delivered in Parliament right after the Chinese...

MOT launches COVID-19 vaccination exercise for 37,000 aviation and maritime workers

The Ministry of Transport launched the Sea-Air Vaccination Exercise on Monday (18 Jan), to vaccinate 37,000 frontline workers in the aviation and maritime industry. Airplane and port pilots, cabin crew, cargo handlers, transit lounge workers, local seafarers, ship and plane repair technicians...