Warning Brexit Negotiation – Possible risks of trading on 15th January,2020

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo

    Good Broker For Experienced Traders!

Risk Warning

Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.

PM statement on Brexit negotiations: 15 November 2020

Prime Minister Theresa May updates the House of Commons on the Brexit negotiations.

With permission, Mr Speaker, I would like to update the House on our negotiations to leave the European Union.

First, I want to pay tribute to my Rt Hon Friends the Members for Esher and Walton and Tatton.

Delivering Brexit involves difficult choices for all of us.

We do not agree on all of those choices but I respect their views and thank them sincerely for all that they have done.

Mr Speaker, yesterday we agreed the provisional terms of our exit from the European Union, set out in the Draft Withdrawal Agreement.

We also agreed the broad terms of our future relationship, in an Outline Political Declaration.

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo

    Good Broker For Experienced Traders!

President Juncker has now written to the President of the European Council to recommend that “decisive progress has been made in the negotiations.”

And a special European Council will be called for Sunday 25th November.

This puts us close to a Brexit deal.

Mr Speaker, what we agreed yesterday was not the final deal.

It is a draft treaty that means we will leave the EU in a smooth and orderly way on 29 March 2020 and which sets the framework for a future relationship that delivers in our national interest.

It takes back control of our borders, laws and money.

It protects jobs, security and the integrity of the United Kingdom.

And it delivers in ways that many said could simply not be done.

We were told that we had a binary choice between the model of Norway or the model of Canada. That we could not have a bespoke deal.

But the Outline Political Declaration sets out an arrangement that is better for our country than both of these – a more ambitious free trade agreement than the EU has with any other country.

And we were told we would be treated like any other third country on security co-operation.

But the Outline Political Declaration sets out a breadth and depth of co-operation beyond anything the EU has agreed with any other country.

So let me take the House through the details.

First, on the Withdrawal Agreement, the full legal text has now been agreed in principle.

It sets out the terms on which the UK will leave the EU in 134 days’ time on 29th March 2020.

We have secured the rights of the more than three million EU citizens living in the UK, and around one million UK nationals living in the EU.

We have agreed a time-limited implementation period that ensures businesses only have to plan for one set of changes.

We have agreed Protocols to ensure Gibraltar and the Sovereign Base Areas are covered by the Withdrawal Agreement.

And we have agreed a fair financial settlement – far lower than the figures many mentioned at the start of this process.

Mr Speaker, since the start of this process I have been committed to ensuring that our exit from the EU deals with the issue of the border between Northern Ireland and Ireland.

I believe this issue can best be solved through our future relationship with the EU. But the withdrawal agreement sets out an insurance policy should that new relationship not be ready in time at the end of the implementation period.

I do not pretend that this has been a comfortable process – or that either we or the EU are entirely happy with all of the arrangements that have been included within it.

Of course this is the case – this is an arrangement that we have both said we never want to have to use.

But while some people might pretend otherwise, there is no deal which delivers the Brexit the British people voted for which does not involve this insurance policy.

Not Canada +++. Not Norway for Now. Not our own White Paper.

The EU will not negotiate any future partnership without it.

As the House knows, the original proposal from the EU was not acceptable as it would have meant creating a customs border down the Irish Sea and breaking up the integrity of our United Kingdom.

So last month, I set out for the House the four steps we needed to take.

This is what we have now done and it has seen the EU make a number of concessions towards our position.

First, the EU proposal for a Northern-Ireland only customs solution has been dropped and replaced by a new UK-wide temporary customs arrangement that protects the integrity of our precious Union.

Second, we have created an option for a single time-limited extension of the Implementation Period as an alternative to bringing in the backstop.

As I have said many times, I do not want to extend the Implementation Period and I do not believe we will need to do so. This is about an insurance policy.

But if it happens that at the end of 2020 our future relationship is not quite ready – the UK will be able to make a choice between the UK-wide temporary customs arrangement or a short extension of the Implementation Period.

Third, the Withdrawal Agreement commits both parties to use best endeavours to ensure this insurance policy is never used.

And in the unlikely event that it is needed, if we choose the backstop, the Withdrawal Agreement is explicit that it is temporary and that the Article 50 legal base cannot provide for a permanent relationship. And there is also a mechanism by which the backstop can be terminated.

Finally, we have ensured full continued access for Northern Ireland’s businesses to the whole of the UK internal market.

Mr Speaker, the Brexit talks are about acting in the national interest – and that means making what I believe to be the right choices, not the easy ones.

I know there are some who have said I should simply rip-up the UK’s commitment to a backstop.

But this would have been an entirely irresponsible course of action.

It would have meant reneging on a promise made to the people of Northern Ireland during the Referendum campaign and afterwards that under no circumstances would Brexit lead to a return to the borders of the past.

And it would have made it impossible to deliver a Withdrawal Agreement.

As Prime Minister of the United Kingdom, I have a responsibility to people in every part of our country and I intend to honour that promise.

Mr Speaker, by resolving this issue, we are now able to move on to finalising the details of an ambitious future partnership.

The Outline Political Declaration we have agreed sets out the basis for these negotiations and we will negotiate intensively ahead of the European Council to turn this into a full future framework.

The Declaration will end free movement once and for all.

Instead we will have our own new, skills-based, immigration system – based not on the country people come from, but on what they can contribute to the UK.

The Declaration agrees the creation of a free trade area for goods, with zero tariffs, no fees, charges or quantitative restrictions across all goods sectors.

No other major advanced economy has such an arrangement with the EU. And at the same time, we will also be free to strike new trade deals with other partners around the world.

We have also reached common ground on a close relationship on services and investment, including financial services which go well beyond WTO commitments.

The Declaration ensures we will be leaving the Common Agricultural Policy and the Common Fisheries Policy.

So we will decide how best to sustain and support our farms and our environment, and the UK will become an independent coastal state once again.

We have also reached agreement on key elements of our future security partnership to keep our people safe.

This includes swift and effective extradition arrangements as well as arrangements for effective data exchange on Passenger Name Records, DNA, fingerprints and vehicle registration data.

And we have agreed a close and flexible partnership on foreign, security and defence policy.

Mr Speaker, when I first became Prime Minister in 2020 there was no ready-made blueprint for Brexit.

Many people said it could simply not be done.

I have never accepted that. I have been committed day and night to delivering on the result of the referendum and ensuring the UK leaves the EU absolutely and on time.

But I also said at the very start that withdrawing from EU membership after 40 years, and establishing a wholly new relationship that will endure for decades to come, would be complex and require hard work.

I know it’s been a frustrating process – it has forced us to confront some very difficult issues.

But a good Brexit. A Brexit which is in the national interest is possible.

We have persevered and have made a decisive breakthrough.

Once a final deal is agreed, I will bring it to Parliament and I will ask MPs to consider the national interest and give it their backing.

Voting against a deal would take us all back to square one.

It would mean more uncertainty, more division, and a failure to deliver on the decision of the British people that we should leave the EU.

If we get behind a deal, we can bring our country back together and seize the opportunities that lie ahead.

Mr Speaker, the British people want us to get this done. And to get on with addressing the other issues they care about.

Creating more good jobs in every part of the UK and doing more to help families with the cost of living.

Helping our NHS to provide first class care and our schools to give every child a great start in life.

And focusing every ounce of our energy on building a brighter future for our country.

So Mr Speaker, the choice is clear.

We can choose to leave with no deal.

We can risk no Brexit at all.

Or we can choose to unite and support the best deal that can be negotiated. This deal.

A deal that ends free movement…

…takes back control of our borders, laws and money…

…delivers a free trade area for goods with zero tariffs…

…leaves the Common Agricultural Policy and the Common Fisheries Policy…

…delivers an independent foreign and defence policy, while retaining the continued security co-operation to keep our people safe…

…maintains shared commitments to high standards…

…honours the integrity of our United Kingdom…

…and delivers the Brexit the British people voted for.

I choose to deliver for the British people.

I choose to do what is in our national interest.

E.U. May Be on Verge of Brexit Deal, Though Approval in U.K. Is Not Assured

As a deal seems tantalizingly close, Prime Minister Boris Johnson cannot give too much ground to the European Union if he is to have any hope of winning Parliament’s consent.

LONDON — Hopes for a breakthrough in the Brexit negotiations between Prime Minister Boris Johnson and the European Union have surged in recent days, but the positive mood music from diplomats masks a harder reality for Mr. Johnson: He may be forced into concessions that make his deal impossible to sell at home.

The prime minister is frantically trying to bridge a gap over the thorny issue of how to treat Northern Ireland in a post-Brexit Europe in time for a crucial summit meeting of the European Union later this week, two people briefed on the talks said.

The down-to-the-wire talks between British and European diplomats began on Tuesday morning, with some European officials predicting that the two sides would never close the divide. As the day wore on, however, the negotiators seemed to draw closer, and news of a potential deal trickled into the financial markets, where traders drove up the British pound.

The closed-door talks in Brussels continued into early Wednesday morning. In London, Mr. Johnson said nothing publicly and met privately with a parade of skeptics from his own Conservative party and unionists from Northern Ireland.

There was little of the public dissent that hobbled his predecessor, Theresa May, when she undertook similar negotiations — a sign that Mr. Johnson might be on the cusp of a major step to settle Britain’s three-year national drama over Brexit.

But even if he produces an 11th-hour success, analysts said, Mr. Johnson could face a familiar conundrum in London: If he gives too much ground to Brussels on the Northern Ireland border, he will not be able to win backing for the agreement from key elements of his coalition in Parliament.

“There is a robust trade-off here,” said Mujtaba Rahman, a former European Commission economist now at the Eurasia Group, a political risk consultancy, and one of the people briefed. “Technically, the deal can be done, but can the politics deliver?”

Rory Stewart, a former cabinet minister and one of 21 lawmakers purged from the Conservative Party by Mr. Johnson over Brexit policy, was more pessimistic. “I don’t think he’ll get anything,” he said.

On the off chance that he succeeds, Mr. Stewart said, “the deal that he will get will be significantly worse than the withdrawal agreement,” referring to the treaty negotiated by Mrs. May. That would leave Britain facing an economic hit and could dissuade lawmakers from supporting any new agreement.

Mr. Johnson has vowed to leave the European Union by the end of October, come what may. But after three months of political pyrotechnics, Mr. Johnson is confronting many of the same problems as his luckless predecessor, Mrs. May.

Parliament passed a law obliging him to ask Brussels for an extension if he does not get a deal by Oct. 19 or win their approval for leaving without one. Without at least the contours of an agreement in hand, he could be vulnerable to attacks by hard-line Brexiteers.

The major stumbling block in the negotiations has been a familiar one: how to handle trade with Northern Ireland, which is part of the United Kingdom but shares a border with Ireland, a member of the European Union.

Under Mr. Johnson’s proposal, Northern Ireland would leave the European customs union, along with Britain, but remain aligned to many of its rules as well as other European regulations. British officials have characterized it as a kind of hybrid solution, in which sophisticated technology and flexible bureaucrats would overcome the obstacle of putting new customs checkpoints on the island of Ireland.

The trouble, these people said, is translating those concepts into legal language. Britain has not yet been able to draft a legal text that would be acceptable to the European Union because of all the consequences that flow from whether Northern Ireland stays in the European customs union or leaves.

Mr. Johnson, some European officials said, needs to revert to some version of the European Union’s original Brexit proposal, which would leave Northern Ireland in the European customs union at least temporarily.

But that would alienate Northern Ireland’s Democratic Unionist Party, which has propped up Mr. Johnson’s Conservative-led government and fiercely opposes any moves that it views as severing Northern Ireland from the rest of Britain.

Mrs. May encountered similar opposition from the Democratic Unionists and offered Brussels a counterproposal under which all of the United Kingdom would remain in the European customs union for a period of time. That outraged hard Brexiteers in her party, who helped defeat her agreement three times in the House of Commons.

Mr. Johnson has so far kept the Democratic Unionists in the fold, inviting them to talks this week. But Mr. Rahman said it would be difficult for him to avoid fractures in his coalition if he agreed to further concessions with Brussels.

As negotiators huddled in Brussels on Tuesday, public statements by British and European officials remained cautiously upbeat. A deal “is still possible this week,” said the chief negotiator for the European Union, Michel Barnier, though he urged the British to submit a legal text.

Some of Mr. Johnson’s anti-Brexit opponents fear he might reach an unexpected breakthrough on Friday, then pressure Parliament to approve the deal in a rush on Saturday, the deadline for requesting an extension.

In addition to the legal questions, there is the sheer complexity of Mr. Johnson’s customs plan, the issues it raises in terms of tracking the destination of goods and the risk that it would encourage smuggling.

That is why even optimists say that, in the event of an agreement in principle on a deal, Mr. Johnson will almost certainly be forced to request some form of extension to the Brexit deadline.

On Wednesday Mr. Johnson will decide whether to call a Saturday session of Parliament — for the first time since a crisis over the Falkland Islands in 1982 — with lawmakers voting on Thursday on whether to approve any move to do so.

Though the public, and many lawmakers, are exhausted by the endless Brexit debate, the prospects of striking an agreement that can both satisfy the European Union and get through Parliament have always been slim.

Mr. Johnson started his negotiation late and took the opposite approach from Mrs. May. While she hammered out a deal with Brussels and then took it to Parliament, where it failed, Mr. Johnson’s opening bid was a proposal that had a good chance of getting through Parliament — but was rejected by the bloc.

Now, Mr. Johnson faces both growing skepticism in Parliament and dwindling days on the calendar.

“With the best will in the world, it is hard to see how this process will be remotely close to completion by Oct. 31,” wrote David Gauke, another of Mr. Johnson’s purged former cabinet ministers, in a column in The Evening Standard. “Parliament will need to be reassured that it is not being asked to nod through a Brexit that comes at an unnecessarily high economic price.”

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
How To Do Binary Options Trading?
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: