New PM, same message

  • Any slim hope British Prime Minister Boris Johnson may have harbored on renegotiating the Brexit deal were quickly quashed by European Commission President Jean-Claude Juncker who told him that the current deal remains the best and only deal possible.
  • For markets, the negotiation is not yet critical.
  • What may be of more interest is who Johnson favors as the next governor of the Bank of England, with pro-Brexit economist Gerard Lyonsseen as the front-runner.

(Source: Bloomberg)