According to George Parker, political editor for The Financial Times, British Prime Minister Boris Johnson is ready to accept a ten-day Brexit delay beyond the October 31st deadline if he loses the programme motion tonight.
“But only if EU says it’s the final, final extension. “They won’t do that – so in practice we’ll pull the bill,” says No 10 source,” Parker added, via Twitter.
The British Pound reacted positively to these comments and the GBP/USD pair pulled away from daily lows, which was last seen trading at 1.2950, down 0.06% on the day.
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