After a brief uplift yesterday, sterling is weak this morning against both the euro and the dollar. The pound rallied as opposition parties agreed on a plan to stop a no-deal Brexit. There was also suggestion that Boris Johnson had productive conversations with some of his EU counterparts.
After a meeting with other opposition leaders yesterday, Jeremy Corbyn says that MPs will take the first steps towards trying to block a no-deal scenario next week. It is thought that they will effectively repeat the approach taken back in April, which would require them to take control of the Parliamentary timetable. This could be triggered as part of an emergency debate. Number 10 accused opposition leaders of ‘seeking to sabotage the UK’s position.’
Meanwhile, there have been reports that Boris Johnson has had ‘positive and substantive’ conversation with President Juncker. He told Juncker that the withdrawal agreement needs to be opened and the backstop abolished to secure a Brexit deal. Today, David Frost will meet officials in Brussels to continue talks.
