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25/09/2019 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • September 25, 2019
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

The Supreme Court’s decision which took place yesterday, called Prime Minister Boris Johnson’s suspension of parliament unlawful and said lawmakers should return to sitting, is widely seen as reducing the probability of Britain leaving the European Union without a divorce agreement on Oct. 31.

Prime Minister Boris Johnson was flying home today as determined as ever to push through Britain’s departure from the European Union but facing reinvigorated opposition.

Johnson has rejected calls from some political opponents to resign but opposition Labour Party leader Jeremy Corbyn said now was not the time for parliament to try and bring him down.

“Quite simply our first priority is to prevent a no-deal exit from the EU on the 31st of October,” Corbyn said in an interview on BBC Radio 4.

Johnson has insisted he will lead Britain out of the EU on that date with or without an exit agreement, but most members of parliament are equally determined to prevent a so-called “no-deal Brexit” scenario.

The House of Commons, where Johnson has no majority, will reconvene at 11.30 a.m.

Before the suspension, parliament had passed a law requiring Johnson to ask the EU to push back the deadline if no exit deal was agreed by Oct. 19. Corbyn said he and other opposition legislators would focus on ensuring that Johnson abided by that law.

Asked by reporters in New York on Tuesday how he planned to overcome that legal obstacle, Johnson simply ignored the question and insisted Brexit would take place on Oct. 31 come what may.

Johnson has repeatedly said his preferred Brexit outcome would be to agree an exit deal with the EU’s 27 other members before the deadline and that he was hopeful he would achieve that.

However, EU negotiators say he has made no new proposals capable of breaking the deadlock over the issue of how to manage the border between Ireland, an EU member, and Northern Ireland, which is part of the United Kingdom, after Brexit.

GBP/EUR 1.1285 GBP/USD 1.2418 GBP/AED 4.5542

GBP/AUD 1.8328 GBP/CHF 1.2241 GBP/CAD 1.6466

GBP/NZD 1.9646 EUR/USD 1.0992 GBP/ZAR 18.513

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