Top U.S. Republican Ryan Distances Himself from Trump White House Bid

October 11, 2016 Share Print 0

Paul Ryan, the top Republican in the U.S. Congress, took the extraordinary step on Monday of distancing himself from Donald Trump, stirring a backlash from some lawmakers and deepening a crisis over his party’s struggling presidential nominee.

In a conference call with congressional Republicans, Ryan all but conceded that Democrat Hillary Clinton was likely to win the White House on Nov. 8 and said he would put his full energy into preserving Republican majorities in Congress so as not to give her a “blank check.”

Ryan, the speaker of the House of Representatives, said he would not defend Trump or campaign for him after the uproar over the New York businessman’s sexually aggressive comments that surfaced on Friday.

Reuters

EUR/USD – Euro Dips Lower Ahead of German Economic Sentiment

USDJPY – First Bullish Confirmation Achieved

Worst Four Days Since June Push Sterling Below $1.23

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.