UK Queen's Speech now underway 21 June

  • will bring in new rules on trade, customs to help implement an independent trade policy
  • will boost economy to generate tax revenues
  • will introduce new trade bill
  • will introduce immigration bill to allow repeal of EU law. primarily free movement
  • will introduce customs bill that will mostly be based on existing EU law

Watch it live here

Don't worry it won't last long. Her Maj has a police escort waiting to whip her off straight to Royal Ascot races.

More neutral Brexit than first outlined by May and that's supporting the pound but we're a long way from the line atm

BOE's Haldane speech the next risk event at 11.00 GMT

GBPUSD nudging a little higher on some more short covering but sellers lurking still. EURGBP down a tad to 0.8820

Queen Elizabeth II delivers May's diluted agenda