WE ARE STRONG, WE ARE GREAT BRITAIN – Brexit LIVE: Pound defies no deal threat in recovery as EU bosses fear Boris’ next move


Brexit LIVE: Time for work! Johnson and Raab launch trade charge with Estonia and Canada

The Foreign Secretary added the government’s desire to leave the EU on October 31 – deal or no deal – while he was in Toronto. He told reporters: “With that in mind we need to ensure everything possible is in place to provide continuity of trade after Brexit, for the benefit of companies and consumers in both our countries and indeed wider countries around the world.

The GBP/USD pulled back to 1.2160, according to FXStreet, in spite of no deal Brexit edging closer after Brussels bosses admitted “reality is sinking in” as both sides struggle to find a common ground. Jordan Rochester from Nomura – the Japan-based global investment bank – predicted the Pound Sterling will settle at “hard Brexit equilibrium”, meaning Britain’s current account will start heading into balance, or at least become manageable in the event of a no deal, such as 2 per cent of GDP.


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