Pound slips after Brexit timetable rejected

Pound slips after Brexit timetable rejected

The pound has slipped against both the dollar and the euro after MPs rejected Boris Johnson’s plan to get his Brexit bill through the House of Commons in three days.

Against the dollar the pound is currently down 0.5% at $1.29 and against the euro, it’s 0.4% lower at €1.1579.

It’s been a volatile day for sterling, with it earlier trading at its highest level for around five months before falling sharply ahead of tonight’s votes on reports the government was planning to hold an election by Christmas.