Euro to pound sterling exchange rate: The British Pound: Returning to Recent Lows against Euro and Dollar as Labour Bid to Block ‘No Deal’ Brexit Fails

“While there is no majority in Parliament to leave the EU with no deal on 31 October, the risk is a new Conservative leader pursues a no‑deal/hard Brexit path. Labour has tabled a cross‑party motion to prevent a future PM delaying Parliament in order to force through a no‑deal Brexit. The motion, if passed, would give MPs control of the timetable on 25 July. Part of the logic is to introduce legislation to avoid a no‑deal scenario at the end of October,” says Kim Mundy, a foreign exchange strategist with CBA .

Leave a Reply

Your email address will not be published. Required fields are marked *