The pound plummets after Boris Johnson's 'drastic' move that raises risk of Britain crashing out of the EU without a deal | Markets Insider

The pound plummets after Boris Johnson's 'drastic' move that raises risk of Britain crashing out of the EU without a deal

The pound plummets after Boris Johnson's 'drastic' move that raises risk of Britain crashing out of the EU without a dealThe pound sank on Tuesday after Prime Minister Boris Johnson moved to change the law on Brexit, making it illegal for Britain to continue negotiations with the EU after 2020.

"This sets up another cliff-edge and could create yet more months of uncertainty for investors just when we thought all was squared away," one analyst said.The pound sank on Monday morning after Boris Johnson put forward a law that would raise the risk of Britain crashing out of the EU by the end of 2020 without a deal.

The Prime Minister on Tuesday moved to change the law on Brexit, making it illegal for Britain to continue negotiations with the EU after 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boris Johnson Moves to Boycott BBC Following Election WinBoris Johnson's newly-elected U.K. government has pulled its ministers from the BBC's flagship radio news show 'Today.' Full details:
Read more »

British leader Boris Johnson presses ahead with BrexitBuoyed by a landslide election victory, Boris Johnson’s Conservative government plans to make good on his campaign mantra to 'get Brexit done.'
Read more »

Boris Johnson may go after the BBC's fundingFresh off a thumping election victory, UK PM Boris Johnson may be preparing to target one of his country's most recognizable institutions: The BBC. Johnson suggested during the campaign that he could scrap the license fee that supports it.
Read more »

Boris Johnson puts no-deal Brexit in 2020 firmly back on the table - Business InsiderJohnson's plan to make it illegal to extend the UK's transition period beyond next year dramatically increases the chance of a no-deal Brexit.
Read more »

BBC Comes Under Fire From Prime Minister Boris Johnson’s GovernmentThe BBC is finding itself in the cross hairs after Prime Minister Boris Johnson’s decisive win at the polls last week. Johnson’s Conservative Party, which has long complained of left-wing bias at t…
Read more »