UK PM Johnson: Internal market bill is to protect against irrational interpretations of NI protocol 0 (0)

Comments by UK prime minister, Boris Johnson, in parliament
– A border down the Irish Sea would hurt UK interests
The pound is dribbling lower as traders are digesting the headlines, with cable now down to a session low of 1.2900. I would argue that the EU response is very much the key factor now, as the

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EU’s Šefčovič: We made it clear that Brexit withdrawal agreement is not open for renegotiation 0 (0)

The first of the EU responses is coming in
– Still expects Brexit withdrawal agreement to be fully respected
– Best course of action is to call as quickly as possible an extraordinary meeting to get the reassurances needed following UK legislation
For some background, Šefčovič is the European Commission vice president of interinstitutional relations and foresight. I

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EU’s von der Leyen: Very concerned about UK intentions to breach Brexit withdrawal agreement 0 (0)

European Commission president, Ursula von der Leyen, tweets her response
Very concerned about announcements from the British government on its intentions to breach the Withdrawal Agreement. This would break international law and undermines trust. Pacta sunt servanda = the foundation of prosperous future relations.

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UK legislation said to acknowledge that some powers conferred may be inconsistent with international law 0 (0)

Reuters reports, citing a copy of the UK internal market bill
– Ministers may make provision about the application of exit procedures to goods, or a description of goods, when moving from Northern Ireland to Great Britain
Essentially, it is as what has been reported before but just that this is confirmation that under the bill, UK

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It will be difficult to change euro upward trend despite ECB concern – Nomura 0 (0)

The firm argues that the euro’s upside potential remains intact
Nomura says that while ECB policymakers expressing concern about euro strength may put short-term downward pressure on the currency, it will be difficult to alter the upward trend that is already in place.

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Nasdaq futures down 2% as risk remains skittish 0 (0)

Equity investors are nervous upon the return of Wall St from the long weekend
The continued slump in tech futures in the US is also weighing on the overall mood, with S&P 500 futures also down by ~0.5% and European indices are also dragged lower as a result. The DAX is down 0.9% with most indices

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