Article

2019-09-04 Britain

Pound tumbles to two-and-half-year low on Brexit uncertainty

[DAWN] The pound plunged against the dollar and euro on Tuesday after British Prime Minister Boris Johnson

...pro-Brexit British prime minister, succeeding no-Brexit Theresa May. BoJo is noted as much for his sparkling personality and his hair as for his Conservative policies....
threatened to call a snap election to push through Brexit, with analysts warning the currency could fall even further.

Johnson's warning that he will call a poll for October 14 if rebel politicians in his Conservative party vote to force another delay to Brexit raised the possibility of an extended period of uncertainty in Britannia, where the economy is already struggling.

"We are leaving on October 31, no ifs or buts," he said in a statement outside 10 Downing Street.

Sterling ‐ which sank around one percent Monday ‐ dropped briefly to $1.1959, its weakest level since January 2017.

The euro was also sitting around levels not seen since the second half of the same year, as investors prepare for a huge day in Westminster with anti-Brexiteers planning to hold a vote on their return from the summer break.

Posted by Fred 2019-09-04 00:00|| || Front Page|| [11140 views ] Top

#1 Little to be surprised about here. Dividends of Albion's indecision, buggering around, and usual betrayal of the forgotten man.

Posted by Besoeker 2019-09-04 00:45|| 2019-09-04 00:45|| Front Page Top

#2 I hope Boris has
a back up plan

Posted by g(r)omgoru PB 2019-09-04 04:53|| 2019-09-04 04:53|| Front Page Top

#3 Well Boris was taken to the cleaners by Parliament. Ordaaah!

Posted by European Conservative 2019-09-04 17:39|| 2019-09-04 17:39|| Front Page Top

#4 Time to visit England then. Always been bloody expensive with the exchange rate until now.

Posted by DarthVader 2019-09-04 17:52|| 2019-09-04 17:52|| Front Page Top

#5 EC - I'm a Brexit fan and an EU critic. Just to let you know where my snark is coming from in the future. No secrets. I HATE bureaucratic bullshit inventions with pinstriped pinheads creating regulations. Unelected, unrestricted. Should be run out in tumbrels

Posted by Frank G 2019-09-04 19:29|| 2019-09-04 19:29|| Front Page Top

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