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NewsBreak: Sterling Falls as Court Rules Parliament Suspension Legal

Published 09/06/2019, 05:32 AM
Updated 09/06/2019, 07:00 AM
© Reuters.

Investing.com - The pound tumbled in early morning trading Friday after the high court in London ruled that U.K. Prime Minister Boris Johnson’s move to suspend parliament was legal. The ruling will be appealed to the supreme court, which has already agreed to hear appeals on Sept. 17.

  • GBP/USD fell 0.3% to 1.2297 as of 5:27 AM ET (9:27 GMT).

  • EUR/GBP rose 0.3% to 0.8969.
  • Latest comments

    How much lower can the GBP possibly go?? . this is some bad news for the GBP zone
    Currency has value only by international agreement; it has no intrinsic value. When and if confidence in the British economy wanes so also will the value of the pound.
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