Never miss a story from Justin McQueen

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Justin McQueen

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

  • GBPUSD Falls to Session Lows on Legal Opinion
  • Legal Risk Unchanged


GBPUSD dropped to session lows after the legal opinion from Attorney General Cox highlighted that PM May’s latest assurances reduces the risk that the UK could be indefinitely and involuntarily be detained with the backstop. However, what is more crucial is that Cox also noted that the “legal risk” remains unchanged that the UK would have no internationally lawful way of unilaterally exiting the protocol’s arrangements. Consequently, this reduces the likelihood that PM May will get her deal through at tonight’s vote.

Following the announcement by AG Cox, DUP sources have hinted that they do not see how the party can support the deal, which in turn may see the Eurosceptic ERG follow suit.

GBPUSD CHART: 1-Minute Time Frame (Intra-day)

Brexit Latest: GBPUSD Drops as Cox says “Legal Risk” of New Brexit Deal is Unchanged

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX