Richard Falkenhall, ...from Timothyt

Richard Falkenhall, senior FX strategist at Nordic bank SEB, said the pound was likely to fall further following the developments in Westminster. “We are now getting into what seems to be an ugly battle between the new pro-Brexit government and the lower house; a battle in which apparently all means will be used to reach the objective, either to leave on 31 October or to delay a withdrawal,” he said.

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Timothyt

Boris Johnson accused Jeremy Corbyn’s Labour party of “preposterous cowardice” after opposition MPs blocked the prime minister’s second attempt to hold a snap general election to break Britain’s Brexit impasse. Mr Johnson’s defeat has left him at bay in Downing Street, after Labour and other opposition MPs refused to grant him the October 15 election he sought. With parliament suspended for five weeks amid chaotic scenes at Westminster in the early hours of Tuesday morning

Timothyt

A good time for a quick update to the Pound chart as we enter into a very important week for the UK. Sadly politics once again in full control of markets. Parliament are back from their well needed holidays and have one week to save the country.

Timothyt