The British pound depreciated on Monday, September 7, amid renewed investor concerns about the deal Brexi probability. Stock prices rose on European stock exchanges, but the New York Stock Exchange was closed because the United States was on holiday.
The pound fell by about 0.87% against the US dollar and by about 0.73% against the euro.
If the British agreement on free trade with the European Union is not reached by October 15, it makes no sense to continue negotiations between the British and the EU, the British Prime Minister Boris Johnson said.
“There is no point in thinking about the deadline afterwards. If we fail to reach an agreement by then, then I do not see that there will be a free trade agreement between us, and we must both accept it and move forward, “the British Prime Minister emphasized.
Brussels has also made it clear in advance that an agreement on trade must be reached by 15 October, given the time needed for translation and ratification.
Newspaper Financial Times reported that British Prime Minister Boris Johnson wants to review the agreement with the EU on Northern Ireland and state aid to businesses.
“Judging by the change in pound prices today, investors believe that Johnson has really revived the agreement Brexi ghost, »said ThinkMarkets analyst Fawad Razaqzada.
“However, I assume that all this is part of the negotiation tactics and difficult in the end Brexi will be prevented because it is not in the interests of either party. “
The depreciation of the pound contributed to the rise in stock prices on the London Stock Exchange, as multinationals make profits in US dollars. The Frankfurt and Paris stock exchanges also saw a solid rise, with investors trying to buy shares after their prices fell last week.
Oil prices fell on concerns about the long-term outlook for energy demand.
US stock exchange indices Dow Jones Industrial Average, Standard & Poor’s 500 a Nasdaq Composite did not change on Monday because the country had a holiday and the New York Stock Exchange was closed.
The London Stock Exchange index FTSE 100 rose 2.3% to 5933.12 points on Monday, the Frankfurt stock exchange index DAX 30 rose 2.0% to 13,100.28 points, while the Paris stock exchange index CAC 40 rose 1.8% to 5053 , 72 points.
In the electronic trading of the New York Stock Exchange, the price of WTI crude oil fell by 1.4% on September 7 to USD 39.20 per barrel. Brent The price of crude oil on the London Stock Exchange fell by 1.1% to $ 42.18 per barrel.
The euro fell against the US dollar from 1.1838 to 1.1821 dollars per euro on Monday, the British pound against the US dollar fell from 1.3279 to 1.3164 dollars per pound, and the US dollar against the Japanese yen rose from 106.24 to 106.27 yen per dollar. The value of the euro against the British pound rose from 89.15 to 89.80 pence per euro.
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