Pound Drops Against Dollar, Euro Due To UK Lawmakers Brexit Timetable Rejection

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Pound Falls Against Dollar, Euro After UK Lawmakers Reject Brexit Timetable

The British pound fell against the 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.
The vote leaves Prime Minister Boris Johnson’s vow to leave the European Union by the end of the month in doubt.

Source – REUTERS

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Author: abokimallamfx