Gbp news brexit
Here are the latest news and updates on Brexit and its impact on the GBP:
Latest Developments:
- The UK and EU have agreed on a revised Brexit deal, which includes a new protocol on Northern Ireland and a commitment to avoid a hard border on the island of Ireland. (Source: BBC News)
- The UK Parliament has approved the revised Brexit deal, paving the way for the UK's departure from the EU on January 31, 2020. (Source: The Guardian)
- The UK and EU have agreed on a transition period, which will last until December 31, 2020, during which time the UK will remain in the EU's customs union and single market. (Source: The Telegraph)
Impact on the GBP:
- The GBP has been volatile in recent months, with the Brexit deadline looming. The currency has fallen against the US dollar and the euro, with some analysts predicting a further decline if a no-deal Brexit occurs. (Source: Financial Times)
- The Bank of England has cut interest rates to a record low of 0.5% in response to the Brexit uncertainty, which has helped to stabilize the GBP. (Source: The Times)
- Some analysts believe that a no-deal Brexit could lead to a sharp decline in the GBP, potentially to levels not seen since the 1980s. (Source: Bloomberg)
Brexit Timeline:
- January 31, 2020: The UK is set to leave the EU, with or without a deal.
- February 2020: The UK and EU will begin negotiations on a future trade agreement.
- December 31, 2020: The transition period will end, and the UK will leave the EU's customs union and single market.
- 2021: The UK and EU will begin implementing their respective trade agreements.
Brexit Polls:
- A recent poll by YouGov found that 55% of Britons believe that the UK's decision to leave the EU was a mistake. (Source: YouGov)
- A poll by the BBC found that 45% of Britons believe that the UK's departure from the EU will be a good thing, while 35% believe it will be a bad thing. (Source: BBC News)
Brexit News Sources:
- BBC News: www.bbc.com/news/uk-politics-brexit
- The Guardian: www.theguardian.com/politics/brexit
- The Telegraph: www.telegraph.co.uk/politics/brexit
- Financial Times: www.ft.com/content/
- Bloomberg: www.bloomberg.com/news/articles
Please note that the information provided is subject to change and may not be up-to-date. It is always a good idea to check multiple sources for the latest information on Brexit and its impact on the GBP.