Labour Spokesperson: Corbyn won’t back no confidence motion in govt - ITV

ITV News reports the latest comments from a spokesperson for the UK’s opposition Labour Party, as saying that the Party leader Corbyn will not back the new government’s no-confidence motion.

Key Quotes:

“As Jo Swinson well knows, a no-confidence vote now will only strengthen Boris Johnson's hand and further his march towards no deal. This is childish and irresponsible game playing by the Lib Dems.”

Despite a new UK Prime Minister, the political drama continues on Thursday, keeping the GBP/USD pair largely unmotivated near 1.2475 region.

Jul 25, 2019

GBP: Cabinet purge plays into No Deal & early election fears - MUFG

Lee Hardman, currency analyst at MUFG Bank, notes that the GBP has rebounded over the past week and has been driven by a combination of broad-based eu

EUR/SEK loses momentum near 10.53, the 200-hour SMA

The Swedish Krona is giving away part of its recent gains and is lifting EUR/SEK to the vicinity of the 10.60 area, coincident with the 200-hour SMA.