Pound claws back from 3-year low after Johnson's defeat in Brexit vote

Pedro Gonçalves
clock • 5 min read

The pound has rebounded after investors felt relieved following the defeat of Boris Johnson in Parliament on Tuesday night as a rebel alliance of MPs seek to block a no-deal Brexit. The pound, which has lost nearly 20% of its value since the UK voted to leave the European Union in 2016, fell to a three-year low of $1.1959 but then rebounded after Johnson lost his working majority in the British parliament on Tuesday following the defection of one of his Conservative Party MPs. The value of the pound rose 0.48% to 1.214 against the dollar while it jumped 0.35% to 1.105 against the euro...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?