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15/11/2018 – This Morning’s Exchange Rates

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

British Brexit Secretary Dominic Raab resigned thrusting Prime Minister Theresa May’s government into turmoil just two days after she clinched an EU divorce deal that was mauled by opponents, allies and mutinous members of her party.

The resignation of such a senior minister puts the United Kingdom into a political crisis just as May was attempting to garner support for a Brexit deal which her opponents have warned could sink her premiership.

It also throws the future course of Brexit into uncertainty: scenarios range from a calm divorce to rejection of May’s deal, potentially ending her premiership and leaving the bloc with no agreement, or another referendum.

Raab said May’s plan threatened the integrity of the United Kingdom and he could not support an indefinite backstop arrangement where the EU held a veto over Britain’s ability to exit.

ITV reporter Robert Peston said enough demands for a no confidence vote could be lodged by lunchtime today.

GBP/EUR 1.1319

GBP/USD 1.2779

GBP/AED 4.6759

GBP/AUD 1.7628

GBP/CHF 1.2874

GBP/CAD 1.6920

GBP/NZD 1.8798

EUR/USD 1.1272

GBP/ZAR 18.252

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