UK: PM Johnson could call a vote for an election as early as Wednesday - The Sun
|Tom Newton Dunn, the political editor of The Sun, recently reported that British Prime Minister Boris Johnson was planning to announce a snap election in five weeks time if parliament were to pass legislation to block a no-deal Brexit.
"Boris has told Cabinet allies that he fears an ambush by Remainer Tories allied with Labour will frustrate his efforts ahead of a key EU summit on October 17," wrote Dunn. "MPs will try and bind his hands tomorrow and stop a No Deal Brexit with a new law in Parliament forcing Boris to seek another extension to Brexit if he doesn't get a deal."
As the uncertainty surrounding UK politics continue to weigh on the British pound, the GBP/USD pair extends slide toward the 1.20 handle and was last seen trading at 1.2042, erasing 0.95% on the day.
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.