Stella Dimoko British Pounds Falls Against Dollar And Euro After British Lawmakers Reject Brexit Timetable


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Wednesday, October 23, 2019

British Pounds Falls Against Dollar And Euro After British Lawmakers Reject Brexit Timetable

The British pound value has reduced when compared with dollar and the euro after UK lawmakers on Tuesday rejected the government’s proposed timetable for passing legislation to ratify its Brexit deal.

Against the dollar, the pound was last down 0.40% to $1.281, off the 5-1/2 month highs hit earlier in the session on optimism about the deal. Against the euro, the pound was last down 0.24%, to 0.862, according to Reuters report.

The vote leaves Prime Minister Boris Johnson’s vow to leave the European Union by the end of the month in doubt.
Johnson sent an unsigned letter to the European Union requesting a delay to Britain’s exit from the bloc but added another note in which he explained that he did not want a “deeply corrosive” Brexit extension.

Johnson had previously said he would rather be “dead in a ditch” than ask for any extension to the Oct. 31 deadline.
But he was compelled, by a law passed last month by opponents, to send a letter to the bloc asking to push back the deadline to Jan. 31 after lawmakers thwarted his attempt to pass his EU divorce deal on Saturday.

From Vanguard


  1. How does that affect a cup of garri?

  2. Like seriously?! They should do and leave already jo!

    1. They are going no where. Mark my words. Britain is part and parcel of EU. And the British pounds will definitely collapse for them to turn to EURO. They are part of bible prophecy.

  3. The fear of the unknown could be dangerous. Head or tail UK will be stronger on exit.

  4. If I read to the end make I half....mtchewwww nonsense...from the beginning I knew the writer came out from yaba left

  5. What should we call this now? Collapse the mighty? Na them sabi abeg.

  6. Yea...made money selling gbpusd#forextrader


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