Boris Johnson

The pound sterling hit a two month high of $1.25 against the dollar Friday following comments from European Commission President Jean-Claude Juncker that he is positive the U.K. could reach a Brexit deal with the EU.  The deadline for the U.K. to Brexit and officially leave the EU is Oct...

U.K. Parliament has officially been suspended or “prorogued” until Oct. 14. The move has been met with protests from some MPs who were against the suspension. The decision comes after Prime Minister Boris Johnson’s bid to call a snap election in October was defeated for a...

Boris Johnson's proposal to hold a snap election Oct. 15 has been rejected by MPs in a major setback for the UK prime minister.  His opposition, Labour leader Jeremy Corbyn, has said his party will agree to a snap election if a bill preventing a no-deal Brexit is passed.  MPs will now...

U.K. Prime Minister Boris Johnson lost majority support in the House of Commons as he faced a showdown Tuesday with members of the Conservative Party. Earlier today, Conservative Party MP Phillip Lee defected to the Liberal Democrats. Lee took his seat on the opposition benches as Johnson...

Queen Elizabeth II has OK'ed Prime Minister Boris Johnson's request to suspend Parliament in September, with a new session beginning in mid-October.  The move gives MPs limited time to stop a no-deal Brexit.  In response to this news, the sterling fell 1% against the dollar...

GBP/USD has been tumbling down after the government moves to suspend parliament. The chances of a hard Brexit rise unless the opposition passes legislation. Wednesday's four-hour chart implies further falls are possible. UK prime minister Boris Johnson has sent sterling stumbling as he moves...

The U.K. is preparing for the possibility of a no-deal Brexit, and it should be "the top priority" for civil servants, Prime Minister Boris Johnson informed them in a letter, according to the BBC. US Backs Brexit  Rebel MPs could try to make a move to stop a no-deal Brexit...

Britain’s new Prime Minister Boris Johnson is standing by his promise that the U.K. must leave the European Union by Oct. 31 — with or without a deal in place. Capital Economics' chief markets economist John Higgins said much has been made of sterling’s...

The British pound traded at a multiyear low Tuesday as the new government led by Prime Minister Boris Johnson appears keen on exiting the European Union with or without a deal on the table. What Happened Johnson's government is now "working on the assumption" that Brexit will...

GBP/USD has been extending its massive sell-off, falling to 29-month lows. Boris Johnson's refusal to meet his European peers is weighing heavily. Tuesday's daily chart is pointing to oversold conditions, implying a bounce. When it rains, it pours – GBP/USD has lost over 250 pips in...

GBP/USD has been extending its falls to new two-year lows.  The new British government is ramping up its preparations for a no-deal Brexit. Monday's technical chart is indicating a bounce amid oversold conditions. "No deal is a very real prospect," said Michael Gove, a senior...

GBP/USD has been unimpressed by Boris Johnson's initial moves as PM. Johnson's speech in parliament and US data are set to move the currency pair. Thursday's technical chart implies an upcoming break out of range. Boris Johnson has already shocked the political system with his first...

Boris Johnson, Member of Parliament representing Uxbridge and South Ruislip, has been elected as the new Conservative Party leader after winning comfortably by a margin of 45,497 votes against rival Jeremy Hunt. As a result, Johnson will now be taking the reins of the U.K. as its prime minister and...

The majority of British voters chose to leave the European Union on June 23, 2016.  The divorce before the United Kingdom and EU hasn't been finalized; what progress has been made in three years? What Happened The word "Brexit" is the merging of “Britain” and "...

After a long Conservative Party leadership contest, former Foreign Minister Boris Johnson is the new leader and will officially become the next prime minister of the United Kingdom. The vote came after Theresa May announced she would resign following repeated parliamentary rejections of her Brexit...