The Brexit tension heats up with the EU warning the UK that ‘it can’t back out on Brexit promises already made’ as per a Bloomberg article. In the meantime, UK has issued a statement via PM Boris Johnson that ‘unless a deal is reached by mid-October’, the UK will walk away from the table.
As tensions mount in this area, the US is gearing up for the monumental presidential election in November.
In the meanwhile, the latest move in the Sino-American tension is China imposing new visa restriction on foreign journalists for US news organizations.
Let’s pay attention to the any updates in these areas that could have a bearing on the domestic currencies and related commodities.
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