The pound is looking weak against the euro and the dollar this morning, but is broadly holding its strength due to the fact that a no-deal Brexit is looking less likely. Yesterday, Boris Johnson refused to say whether he would resign if Brexit is postponed and said that he’d “rather be dead in a ditch” than ask for a delay. In another blow for Johnson, his brother and fellow MP, Jo Johnson, announced that he would be standing down as a minister and as an MP. He said that he had been “torn between family loyalty and national interest.”
Today, the House of Lords will continue debating the bill to stop a no-deal Brexit, and it is expected to pass through by 5pm. Opposition parties are holding talks this morning to discuss their position on the possibility of an early general election, amid concern over whether it should be delayed until an extension has been agreed to the 31st of October deadline. It is thought that the government will bring the same motion back to the House on Monday in another attempt to trigger a general election.
