• UK PM Johnson: If European neighbours do not show willingness to reach a deal will have to leave with no deal - Reuters

Market news

3 October 2019

UK PM Johnson: If European neighbours do not show willingness to reach a deal will have to leave with no deal - Reuters

  • Welcomes statement from Juncker that EU will examine UK proposals objectively 
  • Says these proposals don't deliver everything
  • Can be no path to a deal except through replacing the backstop
  • We are some way from a resolution
  • I have given a guarantee that the UK will never conduct checks at the Irish border
  • We are ready to leave on October 31st with no deal
UK's services PMI falls into contraction territory – TD Securities
RBNZ expected to refrain from acting on rates for the rest of the year – UOB
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