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Brexit could be delayed until late 2019 with UK Govt departments not ready yet

Reuters reporting a story in the Sunday Times, noting that Brexit could be delayed until late 2019 as the UK ministers are not ready yet.

Key Quotes:

“City sources cited as having been privately briefed by UK govt ministers”

“Brexit govt departments not ready/fully staffed”

“Article 50 could be invoked later than currently thought as outlined by PM May and intl trade minister Liam Fox both of whom had pointed to early 2017 for pressing the trigger”

“Elections in France (May) and Germany ( Sept) could also push back the timing says the report”

Gold reverts towards $ 1340 in Asia

Gold prices kicked-off the week on a weaker footing, although managed to regain the bids somewhat as dust settles over Friday’s massive slump, despite
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AUD/USD: Further downside in play ahead of a big week?

The AUD/USD pair is seen extending losses in early Asia, with the bears now looking to test 0.76 barrier, following a break below Friday’s low near 0.
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