Hard Brexit or a Quick Election?

The pound took another hit today, now at its lowest level since March 2017, as new British PM Boris Johnson ramps up plans for a no-deal Brexit, whilst insisted a deal is still possible if the EU just remove that pesky backstop. On today’s Morning Call Phil Dobbie discusses with NAB’s Ray Attrill the signs that perhaps Johnson is gearing up for a quick election. Either way, it’s bad for the strength of the pound. They also discuss the Bank of Japan rate decision today, trade talks between the US and China and Australia’s housing market and falling bond yields.

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