Pound Drops On Conspiracy Against Theresa May
US stocks are rather sustained. Today, DOW rose 0.44%. S&P 500 increased 0.37%. NASDAQ was up 0.61%.
Sterling lost its ground on another Brexit handicap. Philip Hammond, UK Chancellor of Exchequer, claimed the Brexit deal can be concluded in 6-8 weeks with EU. He told: “there’s merit in having quite a bit of detail, but clearly we don’t have enough time to negotiate the full draft legal text in what will be quite a complex future partnership agreement.”
But, it seems that things aren’t going as smoothly for UK as some members of Theresa May’s cabinet are plotting against her. May has been repeatedly condemned in her decision throughout the whole process of the separation and now the Prime Minister will have to fight for her position.