Good morning,

The pound gained across the board yesterday as fuel shortages across the UK eased. The situation with the energy crisis finally seems to have improved along with market mood, putting the safe-haven dollar on the back foot.

Brexit is likely to again become the hot topic as Prime Minister Boris Johnson said that he does not intend to ease immigration rules to alleviate the fuel shortages, instead he wants the UK to adjust.

Former Chief Negotiator David Frost is set to tell the audience in Manchester that the EU must abandon its demands related to the Northern Ireland protocol. According to The Telegraph, he will also threaten Brussels with invoking Article 16 of the Brexit accord, allowing for emergency measures.

Britain agreed to setting a special customs status for Northern Ireland, allowing a free flow of goods in the Emerald Isle – but creating a de-facto duties barrier between NI and the rest of the UK. Since that accord, Britain has been trying to claw it back, creating a lingering issue.

Have a great day.

Author: William Jones, Senior Relationship Manager.

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