fxs_header_sponsor_anchor

News

UK Cabinet to hold a conference call on Wednesday morning – BBC, Cable gives up 1.2200

Following the tweet that the UK PM Johnson is looking to extend the Parliamentary recess period to October 14th, in an effort to prevent any attempt to stop a no-deal Brexit, BBC political editor Laura Kussenberg said the UK Cabinet will hold a conference call on Wednesday morning.

Further Comments:

“Downing Street says it's all business as usual for new govt, but the timing of Queen's speech has useful political side effect that denies MPs time to try to stop no deal.            

Parliament likely to meet from next Monday until around the 11th of September.

Understand Downing Street thinks they have some legal protection from court cases if they are suspending parliament to come back with a Queen's speech.”

The selling interest around the GBP remains unabated amid mounting no-deal Brexit risks, knocking-off GBP/USD further below the 1.22 handle. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.