Brexit - UK PM Johnson says wants change from the EU on NI protocol - if not he will act

Info via Reuters citing excerpts of an article to be published by the Belfast Telegraph newspaper which were released late on Sunday.

UK Prime Minister Boris Johnson

• wants to resolve the stalemate with the European Union over Northern Ireland's post-Brexit trade rules
• but if this cannot be done he has kept open the option of unilateral action

Johnson due to travel to Belfast on Monday

• will urge local political leaders to form a new power-sharing government
• "There is without question a sensible landing spot in which everyone's interests are protected," he said. "Our shared objective must be to the create the broadest possible cross-community support for a reformed Protocol in 2024."
• "I hope the EU's position changes," he said in his newspaper article. "If it does not, there will be a necessity to act." "The government has a responsibility to provide assurance that the consumers, citizens and businesses of Northern Ireland are protected in the long-term. We will set out a more detailed assessment and next steps to parliament in the coming days”.

Here is a link to the Reuters piece which has a background and more.

Brexit ping pong clown show continues.

gbp GBP The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking authority responsible for the curation of the GBP, issuing its own banknotes, as well as regulating the issuance of banknotes by private banks in both Scotland and Northern Ireland. What Factors Affect the GBP?Like any widely traded currency there are several factors that affect the GBP. As is often the case, monetary policy is extremely impactful. Any announcements or policy decisions by the BoE are always closely watched given its potential to move the GBP.Additionally, consumer prices (CPI) in the UK as well as levels of inflation carry a lot of weight and routinely affect the value of the GBP in forex markets.Other metrics of note include measures of gross domestic product (GDP) in the UK or growth, consumer sentiment, or confidence.Most recently, the drama surrounding Brexit as well as the potential fallout of negotiations have added another layer of uncertainty to the GBP.The UK at the time of writing is headed for a historic schism with Europe, though a deal has not yet been agreed upon with both sides unable to come to an agreement.With a smooth resolution nowhere in sight, any developments or an eventual finality to Brexit will be extraordinarily important to both the short- and long-term value of the GBP. The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking authority responsible for the curation of the GBP, issuing its own banknotes, as well as regulating the issuance of banknotes by private banks in both Scotland and Northern Ireland. What Factors Affect the GBP?Like any widely traded currency there are several factors that affect the GBP. As is often the case, monetary policy is extremely impactful. Any announcements or policy decisions by the BoE are always closely watched given its potential to move the GBP.Additionally, consumer prices (CPI) in the UK as well as levels of inflation carry a lot of weight and routinely affect the value of the GBP in forex markets.Other metrics of note include measures of gross domestic product (GDP) in the UK or growth, consumer sentiment, or confidence.Most recently, the drama surrounding Brexit as well as the potential fallout of negotiations have added another layer of uncertainty to the GBP.The UK at the time of writing is headed for a historic schism with Europe, though a deal has not yet been agreed upon with both sides unable to come to an agreement.With a smooth resolution nowhere in sight, any developments or an eventual finality to Brexit will be extraordinarily important to both the short- and long-term value of the GBP. Read this Term