XE Market Analysis: Europe - Oct 23, 2019
By: XE Market AnalysisThe pound has taken a rotation lower following the UK Parliament's rejection of PM Johnson's program bill to fast track the ratification of the EU withdrawal legislation. This means that Brexit will not happen on October 31, unless the EU decided to refuse an extension -- which is highly unlikely, as Brussels will not want to get the blame for a no-deal Brexit scenario (the pound would be crashing if markets believed that it was of a mind not to grant an extension). Read more