Pound leaps on politicians voting to seize control to block no-deal Brexit.

The pound rose on Wednesday morning to more than $1.21.
 Photo: Getty

The pound jumped against the US dollar (GBPUSD=X) in early trading on Wednesday after members of parliament moved to seize control over blocking a no-deal Brexit.

The pound rose by over 0.26% to reach over $1.21 after initially sinking to a 34-year low (if you don’t count the ‘Flash Crash’ of 2016) yesterday after UK prime minister Boris Johnson implicitly threatened to call another snap general election if MPs blocked his ability to drag Britain out of the European Union without a deal.

“The pound edged higher as Boris Johnson's Brexit strategy appeared in disarray,” said Neil Wilson, chief market analyst for Markets.com.


By Lianna Brinded.
Full story at Yahoo News.