Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

UK allocates further £2.1 billion for no-deal Brexit planning

The UK said it will spend an extra £2.1 billion to stockpile medicines and hire more border officers in preparation of a no-deal Brexit.

Brexit Source: Bloomberg

The UK Government has allocated an additional £2.1 billion to cover the cost of stockpiling medicines, hiring new border officers and cover other related costs associated with a no-deal Brexit.

The allocation of funds was made by the new Chancellor of the Exchequer minister Sajid Javid, who said that the UK economy remained strong enough to handle a no-deal Brexit.

‘A lot of the work was going on but (what) we needed to do was turbo charge it to make sure we are properly, genuinely ready,’ Javid said.

Irish backstop must be abolished, says Boris Johnson

Earlier this week, Johnson told his counterpart in Ireland, Leo Varadkar, that the UK will leave the European Union on October 31 ‘no matter what’ and that the Irish backstop must be scrapped in any new deal.

‘We have been clear we want to get a deal, but it has to be a different deal, a good deal, one that abolishes this undemocratic backstop, and if we cannot remove that backstop then we have to leave with no deal,’ Javid said.

Labour condemns no-deal Brexit spending plan

The main opposition Labour party has labelled the Brexit spending plan as an ‘appalling waste of taxpayers’ cash’ because most UK lawmakers have vowed to block Britain bailing out of the bloc without a deal.

‘This government could have ruled out no deal, and spent these billions on our schools, hospitals, and people,’ Labour’s Shadow Chancellor of the Exchequer John McDonnell said.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Trading around Brexit

Find out how the UK’s exit from the EU continues to affect traders, and discover:

  • The unique opportunities in a ‘hard’ and ‘soft’ Brexit
  • The markets you should be watching
  • Everything that’s happened so far

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.