UK PM Johnson: Anti-democratic backstop has been abolished

Commenting on the Brexit deal, "the anti-democratic backstop has been abolished," noted British Prime Minister Boris Johnson in a post on Twitter.

"The people of Northern Ireland will be in charge of the laws that they live by, and – unlike the backstop – will have the right to end the special arrangement if they so choose," Johnson added. "We will leave the EU’s Customs Union as one United Kingdom and be able to strike trade deals all around the world."

The British Pound largely ignored these comments. The GBP/USD pair was last seen trading at 1.2890, adding 0.47% on a daily basis.

Oct 17, 2019

GBP/JPY technical analysis: Quickly retreats over 100-pips from multi-month tops

The GBP/JPY cross trimmed a part of its early strong gains to the highest since May 21 and quickly retreated nearly 100 pips from an intraday swing hi

US: Industrial Production to slow to 0.2% in September – TDS

Analysts at TD Securities are projecting the US industrial production to slow from its solid 0.6% m/m jump in August to 0.2% in September, largely ref