Pound volatile after Boris Johnson orders parliamentary suspension

Investors still divided about the risk of no-deal Brexit in October

HONG KONG - 2019/04/20: In this photo illustration a Great Britain's currency Pound Sterling icon is seen on an Android mobile device with a Brexit message in the background. (Photo Illustrat
(Image credit: © 2019 SOPA Images)

The pound plunged yesterday after Prime Minister Boris Johnson said he would ask the Queen to prorogue parliament for an extended period soon after its return in September.

The lengthened suspension creates an even narrower window for an already ramshackle opposition to stand in the way of a no-deal Brexit, an outcome markets fear and the Bank of England has deemed the worst-case scenario for the economy.

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.