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Sterling falls against major amid government and parliament struggle

2019-08-28 12:04 pm | Resource: | No Views : 47

Sterling falls against major amid government and parliament struggle

 British Pound (GBP) traded in red following the flare-up of political conflict in the United Kingdom between the newly elected prime minister and the conservative-majority parliament after the prime minister announced plans to suspend parliament for five weeks.

Opposition leader Johnson is reckless

Labor leader Jeremy Corbyn said on Wednesday he was "terrified of recklessness" by Prime Minister Boris Johnson after he confirmed plans to suspend parliament for five weeks, and accused Corbin Johnson's government of "seeking to suspend parliament to avoid scrutinizing its plans for a reckless exit from the EU without a deal." ".

Earlier, Johnson announced plans to suspend parliament from mid-September and start a new session on October 14 in order to "move forward now with a new legislative program." The move received a backlash from opponents of Brexit within its Conservative Party, as well as from the Scottish National Party, while the Northern Irish Democratic Party (DUP) expressed support for the government's plan. The prime minister insisted that despite the break, MPs will have "plenty of time" to discuss Brexit.

Berko: Johnson tries to prevent debate about Brexit

House of Commons Speaker John Berkslow-Lambd, UK Prime Minister Boris Johnson, for trying to suspend parliament before leaving Britain, said the move was a "constitutional outrage" and a "crime against the democratic process."

"It is blindly clear that the purpose of the privilege now is to stop the parliament debate on Brexit and perform its duty to shape the course for the country," Berkov said, adding that it was "vital" for parliament. You have an opinion on such an important issue for the country. He stressed that "certainly at this stage of his premiership, the prime minister should seek to establish his democratic credentials rather than undermine them."

Pound Trading

• The euro rose against the pound to trade the euro pair at 0.9074 levels.
Sterling fell against the dollar as the pound stabilized at 1.2217.
• The yen rose against the pound to 129.19 levels.
• Against the Swiss franc, the pound fell to 1.1990 levels.
• Against the Australian dollar, the pound fell to 1.8112 levels.

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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