The pound to euro exchange rate has recovered today thanks to yesterday’s Brexit news.
MPs have taken control of parliamentary business and now hope to pass a law to force Boris Johnson to delay Brexit unless there is a deal approve by parliament.
Boris Johnson is now tabling a motion to call for an early general election on today.
He said: “An election will be the only way to resolve this if MPs vote for a Brexit delay.”
Pound to euro exchange rate: No-deal Brexit MP rebellion sees GBP to EUR recover
Michael Brown Senior Market Analyst at Caxton told Express.co.uk that the pound to euro exchange rate was recovering, amid MP rebellion against Boris Johnson’s no-deal Brexit threats.
Mr Brown said: “Sterling was whipsawed by political uncertainty on Tuesday, recovering from one week lows against the common currency after Parliament took the first step towards ruling out a no-deal Brexit.”
MPs have voted to take control of the government, preventing the UK exiting the EU without a deal.
Now, Article 50 will be extended if there is no deal agreed by the deadline of 31 October.
Mr Brown added: “Lawmakers voted in favour of taking control of today’s Order Paper, which will see legislation introduced to legislate for an Article 50 extension should no deal be agreed.”
Pound to euro exchange rate: No-deal Brexit MP rebellion sees GBP to EUR recover (Image: GETTY)
Pound to euro exchange rate: Boris Johnson is