The pound is plunging on 'no-deal' Brexit fears after Boris Johnson moves to shut down Parliament
Yusuf Khan
Aug. 28, 2019, 09:06 AM
Reuters
Traders worry a no-deal Brexit would leave thousands of people and businesses at risk, with question marks over tariffs, trade, immigration, and borders.
The pound fell 0.7% against the dollar and 0.6% against the euro as of 1:30 pm in London (8:30 am EST).
"The pound is in freefall this morning after plans emerged to prorogue parliament and prevent MPs from passing legislation to prevent no deal," said Craig Erlam, senior market analyst for the UK & EMEA at Oanda. "This isn't the first we've heard of these dirty tactics but it was maybe hoped that such un-democratic measures would not be needed or used."
Markets Insider
Johnson has asked the Queen to shut down the UK parliamentin order to force Brexit through no matter what on October 31, meaning UK lawmakers would have just days left to alter or block the move.
Opponents accused Johnson of a "deeply undemocratic" move. House of Commons Speaker John Bercow said Johnson's decision would be a "constitutional outrage."
Source: Business Insider
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Yusuf Khan
Aug. 28, 2019, 09:06 AM
Reuters
- Britain's pound crashed on Wednesday morning over fears of a no-deal Brexit.
- The pound was down 0.7% against the dollar and 0.6% against the euro as of 1:30 pm in London.
- Boris Johnson, the UK prime minister, has asked the queen to suspend Parliament in a bid to force a "no-deal" Brexit.
- Watch the pound versus the dollar live here.
Traders worry a no-deal Brexit would leave thousands of people and businesses at risk, with question marks over tariffs, trade, immigration, and borders.
The pound fell 0.7% against the dollar and 0.6% against the euro as of 1:30 pm in London (8:30 am EST).
"The pound is in freefall this morning after plans emerged to prorogue parliament and prevent MPs from passing legislation to prevent no deal," said Craig Erlam, senior market analyst for the UK & EMEA at Oanda. "This isn't the first we've heard of these dirty tactics but it was maybe hoped that such un-democratic measures would not be needed or used."
Markets Insider
Johnson has asked the Queen to shut down the UK parliamentin order to force Brexit through no matter what on October 31, meaning UK lawmakers would have just days left to alter or block the move.
Opponents accused Johnson of a "deeply undemocratic" move. House of Commons Speaker John Bercow said Johnson's decision would be a "constitutional outrage."
Source: Business Insider
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
0 Comments: