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UK plans to give Northern Ireland joint UK, EU status - The Sun

Reuters reports the latest story carried by The Sun, a British newspaper, citing that the UK seeks to break the deadlock in the Brexit negotiations by proposing a joint UK and European Union status to Northern Ireland so that it enables free trade between both of them.

Key Points:

“Brexit Secretary David Davis is proposing a 10-mile (16-km)-wide trade buffer zone along the border that would be in effect for local traders like dairy farmers after the UK leaves the bloc, the newspaper said.

The special economic zone will mean traders, who constitute 90 percent of cross-border traffic, can operate under the same rules as those south of the border, the report said, citing a senior government official.

The Department for Exiting the European Union did not immediately respond to a request seeking comment. It was not immediately clear whether the EU would accept such a proposal.”

GBP/USD technicals point to a bull run to 1.3390/1.3505 – Commerzbank

Cable’s rebound could extend to the 1.3390/1.3505 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “GBP/USD’s
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EUR/USD expected to navigate within 1.1580/1.1800 range – UOB

The pair remains bearish in the near term and it is seen within 1.1580/1.1800 range, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Ex
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