UK Prime Minister Theresa May announced today, that there will no Brexit-vote as planned. After the news, the the pound was hit a 20-month low against the US dollar and stock markets continued their fall globally. The decision means that the vote is delayed and no timing is given. PM May said that she will get reassurance from the EU regarding the Irish border issue.

– I have decided to call on (Art. 50) on Thursday. We will not renegotiate the deal, including the backstop, but we are ready to discuss how to facilitate UK ratification. As time is running out, we will also discuss our preparedness for a no-deal scenario, said the EU President Donald Tusk in his tweet.

In Europe the stocks markets continued their trend down and FTSE 100 -index ended down 0,83 % to 6721 points, the German DAX-index ended down 1,54 % to 10622 points and the CAC 40-index ended down 1,47 % to 4742 points.

The declined continued in Wall Street and Dow Jones was trading down 0,78 % and S& P 500 -index 0,42 % and  Nasdaq 0,12 %.

In Asia the stocks were also hit and Nikkei in Tokio was down 2,12 % to 21 219 points and Hong Kong down 1,19 % to 25752 points. The US China trade talks are also in a backstop situation with the Huawei C-level executive arrest.

 

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