Pro-Brexit Government: Government and Pound Markets

pro-brexit government: Have thoughts on the subject or want to give us your input on what you'd like to read more about Comment in the discussion section, according to The Independent. Philip Georgiadis 2019-8-28 12 22 05Philip Georgiadis 2019-8-28 12 23 56A fresh blow for the pound Markets have reacted sharply to the Johnson government's move to suspend parliament, sending sterling lower and investors reaching for the traditional safety play of British government bonds. An ugly battle now looms between the new pro-Brexit government and the lower house, said Richard Falkenh ll, senior FX strategist at SEB. Follow along as the FT follows the tick-by-tick developments of a big day in Westminster politics. The pound fell as much as one per cent on Wednesday morning, before recovering slightly to trade 0.7 per cent lower and hover around the 1.22 line. Philip Georgiadis 2019-8-28 12 33 00Philip Hammond warns over 'profoundly undemocratic' step The surprise manoeuvre by Boris Johnson has thrown Remainer MPs off balance. The leg lower came after the currency has slightly recovered from near-historic lows in the latter half of this month as investors had broadly welcomed opposition plans to frustrate a no-deal exit.UK 10-year gilt yields fell five basis points to 0.453 per cent as investors moved into the debt. (news.financializer.com). As reported in the news.