Tusk Believes Brexit Reversal Still an Option

European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government.Speaking 16 months to the day since Europeans woke up to the news that Britons voted to leave the EU, Tusk said the outcome of negotiations on a Brexit accord is fully in the U.K. government’s hands. He signaled the scenarios include no departure from the bloc as scheduled in March 2019.“It is in fact up to London how this will end — with a good deal, no deal or no Brexit,” Tusk, who chairs EU summits, told the European Parliament on Tuesday in Strasbourg, France. “But in each of these scenarios we will protect our common interests only by being together.”

Source: EU President Donald Tusk Still Thinks Brexit Can Be Reversed – Bloomberg

Political Malaise

USD/CAD Canadian Dollar Drops After Wholesale Sales Miss and Dollar Resurgence

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.