GBP/USD has leaped to 1.2083 before cooling and settling above 1.2000 after hitting a low of 1.1958 – the lowest since 2016 – earlier today.
Parliament will allow for a long debate on the attempt to block a no-deal Brexit. John Bercow, the speaker of the House of Commons, has confirmed that an application for an emergency Brexit debate has been tabled.
He will allow the debate to run until 21:00 GMT. The opposition may run through its bill to block Brexit and advance it – without allowing the government to table its own motion to hold new elections.
The Brexit drama has overshadowed all other events.
More to come
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