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Lawmakers said to have delivered ultimatum to UK PM May - BBC

According to the latest headline flashing on the wires, via BBC, senior Brexit supporting lawmakers have delivered an ultimatum demanding that UK PM May drops proposal for post-Brexit customs partnership with the EU.

The news further added to the recent Brexit concerns and promptes some fresh selling around the British Pound, with the GBP/USD major sliding farther below the 1.3600 handle to hit fresh 3-1/2 month lows.

Separately, sources say that May is confident of reaching cabinet agreement over future replacement for customs unions.

 

IMF Official: Saudi Arabia needs oil at $85 to $87 to balance budget

A Senior Official from the International Monetary Fund (IMF) was out on the wires last minutes, via Reuters, stating that Saudi Arabia needs oil at $8
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China: Mulling the contingency plan – Standard Chartered

Despite a strong start to the year, authorities are preparing for the worst from a possible trade war, according to analysts at Standard Chartered. K
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