Johnson says: Let's get Brexit done!

09:28, 13 December 2019

British PM Boris Johnson is expected to strike a Brexit deal by January 31, 2020. The GBP/USD pair surged following UK’s general election.


Early Friday sees Johnson declaring that voters have almost given his government a “powerful new mandate to get Brexit done".


From Britain’s 650-seat House of Commons, the Conservatives won 363 seats (43,6%), the party’s greatest result in more than 30 years. Labour Party’s Jeremy Corbyn, who was supporting a Brexit deal renegotiation, only won 203 seats (32,2%).


After the results were out, the GBP/USD surged 2.75% to 1.35144, the highest level since May last year. FTSE 100 index rose more than 1.8%, hovering around 7410 as of 9 AM GMT.



Johnson said the Conservative party had to “change” and accept it was governing in the interests of traditional Labour communities as well as traditional Tory communities. “The government had to deliver change”, he said. And, as the nation hands us this historic mandate, we must rise to the challenge and to the level of expectations. And parliament must change so that we in parliament are working for you the British people.


Stay tuned to Capex’s news section for the latest developments in the Brexit saga and many more hot topics!


Sources: reuters.com, pa.media, theguardian.com, bloomberg.com, aljazeera.com

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