CityWire – Global fears knock FTSE, ‘Boris block’ boosts pound

Financial Markets Online > Financial Markets Online > CityWire – Global fears knock FTSE, ‘Boris block’ boosts pound

Sterling gained 0.33% to $1.2472 against the dollar and against the euro one pound fetched 89.9p after MPs backed proposals to make it harder for the next prime minister to suspend Parliament in order to force through a no-deal Brexit.

The measure is aimed at Boris Johnson (pictured), the frontrunner to succeed Theresa May as the Conservative party leader next week and become prime minister. He has insisted the UK must leave the EU with or without a deal and has vowed he would be prepared to prorogue the House of Commons to do it.

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