Corbyn Wants BoJo Out But Doesn't Know When - Forex News by FX Market Leaders

Corbyn Wants BoJo Out But Doesn’t Know When

Posted Wednesday, September 25, 2019 by
Skerdian Meta • 1 min read

Boris Johnson has only been on the job as the Prime Minister of UK for only a couple of months and chances of him being outed from that position have gone through the roof. He was betrayed by a number of Tory rebels earlier this month who voted to make a no-deal Brexit illegal, together with the Labour Party.

The labourers have wanted BoJo out of office for some time already and their leader Jeremy Corbyn repeated this again today. He made a few comments on the matter, as follows:

  • Happy to have an election once a no-deal is off the table
  • No confidence vote only to be called when we can be certain that a no-deal Brexit is not going to happen on October 31
  • Corbyn’s priority is to prevent a no-deal Brexit
  • Corbyn declines to say when he would put forward a no-confidence vote in PM Johnson.

The GBP declined around 50 pips earlier this morning, although that wasn’t due to these comments because anything opposing a no-deal Brexit scenario is positive for the GBP. Well, Corbyn looks as uncertain as everyone else in the UK right now.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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