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Pound fell against its major counterparts amid concerns over Brexit

2019-09-02 12:36 pm | Resource: NEWS | No Views : 81

 fell against its major counterparts amid concerns over Brexit
 

 The pound fell against its major counterparts at the European session on Monday, as difficulties worsened over Brexit after Prime Minister Boris Johnson threatened to sack Conservative lawmakers if they backed plans to halt Brexit.

The British government is seeking to call a general election this week

The UK government is seeking to call a general election this week, local media reported on Monday. According to sources, Prime Minister Boris Johnson is ready for the move after a number of Conservatives said they would support legislation this week aimed at banning Britain's exit from the European Union. The government has said it will call for elections only if the disagreement bill is passed since Downing Street thought the public "had enough elections." However, it is reported that about 25 conservative rebels are willing to support the bill, meaning the government will be defeated in parliament.

The Conservatives, who support the non-agreement legislation, said earlier that the government wanted to "cleanse them" of the party. Meanwhile, Labor leader Jeremy Corbyn said he wanted a general election and hinted he would prefer a Brexit referendum.

Corbin vows to allow people to "regain" control of Brexit

Meanwhile, UK Labor leader Jeremy Corbyn promised on Monday to give the people of Britain a chance to "regain" control of Britain's exit from the European Union, allowing them to "make a final statement in the vote, including staying."

He also said that general elections, which seem more imminent every day, will allow people to "choose between two very different directions of the country." "This week may be our last chance to save Brexit." If not, he stressed that general elections must be held. He also said that the public will get a "fair idea" of what is proposed in parliament within "28 hours."

Corbin pointed to the proposed legislation against Brexit, introduced by a number of UK MPs after Prime Minister Boris Johnson decided to exercise Parliament.

GBP Trades
  • The pound fell to a two-week low of 1.2074 against the dollar, from a high of 1.2175
  • The Pound fell to a weekly low of 128.34 against the Yen from last week's closing value of 129.23.
  • The British currency fell to a 4-day low of 1.1960.
  • The pound reached a 4-day low of 0.9089 against the euro, compared with 0.9032


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