|

UK's PM May to ask Cabinet meeting about Syria strikes - Sky News

The United Kingdom is throwing their hat into the fray over the Syria gas attacks over the weekend that has seen the US and Russia exchange barbs this week at the UN and over Twitter. Prime Minister Theresa May has called a special cabinet meeting, where she is expected to ask the special cabinet for permission to engage in the Syria action. Initial reporting by Sky News.

Key quotes:

The Prime Minister will convene a special "war cabinet" on Thursday as the UK prepares to join tripartite military action against the Syrian regime, following its apparent use of chemical weapons.

The Cabinet is expected to be asked to approve a form of British participation in action led by France and the US, aimed at Syrian President Bashar al Assad's chemical weapons infrastructure.

Importantly, it appears Parliament will not be consulted ahead of the UK action, which could start within hours of Cabinet approval. That will prove controversial, after opposition parties demanded the Government respects a recent convention that the House of Commons approves UK military intervention.

Further reading: the drums of war, Russia/Trump/Syria, keep investors on their toes

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Editor's Picks

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects. 

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.