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Brexit – UK says not afraid to walk away from talks. Less than 20% chance of a deal.

A couple of UK media items on Sunday with Brexit developments.

The UK’s chief Brexit negotiator David Frost spoke with the newspaper the Mail on Sunday
He said that the UK would leave the transition arrangement “come what may” in December. That is, deal or no deal the UK is out.
Meanwhile in the Sunday Times:
  • planning for no-deal has ramped up
  • senior figures in government have predicted that the chance of securing a Brexit trade agreement with Brussels is now less than 20%
Links for each (may be gated) if you’d like more
GBP is trading on wide spreads in early movement. Its just before:
  • 8 am in NZ
  • 6 am in Sydney
  • 5 am in Tokyo
  • and 4 am in Singapore & Hong Kong
If you are familiar with how forex market times work you’ll know that liquidity right now Is super thin. GBP swinging a little:
A couple of UK media items on Sunday with Brexit developments.

Trump floats the idea of delaying the US election

That’s a big change

For all the people who were worried about Trump calling off the election, this is some hard evidence.
With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???
I’m not a constitutional expert but I believe the November 3 election date is locked in with virtually no flexibility. But he sure is laying the groundwork for questioning the results or refusing to leave if he loses.
The market can ignore a lot of talk from Trump but there’s a limit and this is getting closer to it.