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29.08.2019 02:29 AM
Britain on the verge of a constitutional crisis

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The pound fell sharply by 100 points on the news that Boris Johnson could try to interrupt parliament for a month - from September 11 to October 14 - so that Parliament could not stop Johnson from withdrawing Britain out of the EU without an agreement.

This is a constitutional crisis. The queen has such a right to suspend the work of the parliament, at the proposal of the prime minister. However, such an action on this occasion is a clear crisis. Given the minimal majority of conservatives in parliament - it is very likely - to have a political crisis and new elections.

Jozef Kovach,
Analytical expert of InstaForex
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