LONDON - With British Prime Minister Boris Johnson's government in tatters just a week after parliament's summer break, City traders are warming to an unlikely ally: Jeremy Corbyn.
"It's conceivable that Jeremy Corbyn as PM could be good for the pound, at least in the very short term," said Timothy Graf, head of EMEA macro strategy for Europe at State Street."Most importantly, a no-deal outcome would be less likely. Indeed, given calls for a second referendum are now part of the Labour platform, Brexit might not happen at all."
State Street's Graf sees the pound falling to US$1.15 if the Conservatives gain a majority in an election, while a Labour-led coalition would push it up to US$1.30.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boris Johnson suffers two major losses in Parliament, leaving the terms of Brexit in doubtLONDON (WASHINGTON POST) - Prime Minister Boris Johnson, who has staked his job on his ability to deliver Brexit, suffered two major losses in Parliament on Wednesday, leaving his governing authority in doubt and the terms of Britain's pending divorce from the European Union unclear.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
British PM Boris Johnson says he will not contemplate resigning, opposition parties hold talksLONDON (REUTERS) - British Prime Minister Boris Johnson said on Friday (Sept 6) he was not willing to contemplate resigning.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Boris Johnson's government drops bid to stop Brexit delay Bill in British ParliamentLONDON (REUTERS) - British Prime Minister Boris Johnson's government abandoned attempts to block a law aimed at stopping at the country leaving the European Union without a deal in the upper house of parliament.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
UK PM Boris Johnson's brother resigns as MP, citing national interestLONDON: British Prime Minister Boris Johnson's brother, Jo, has resigned as a junior minister and said he would step down as a lawmaker, citing a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
British PM in limbo after MPs reject his Brexit plan, electionsLONDON: British Prime Minister Boris Johnson's government was left in limbo on Wednesday (Sep 4) after MPs voted to derail his Brexit plan and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
British PM Johnson says would rather die than delay BrexitLONDON: Prime Minister Boris Johnson said on Thursday (Sep 5) he would 'rather be dead in a ditch' than delay Brexit beyond next month, as he ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »