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Pound volatile as Parliament to be suspended in September

The pound was volatile on Wednesday following news that Parliament is to be suspended just days after MPs return to work on 3 September.
The move is expected to prevent opposition leaders from passing a law to stop a no-deal Brexit.
The pound is down about 0.5% against both the euro and US dollar. So £1 is now worth €1.10 and $1.22.
The FTSE 100, made up of stocks that could benefit from a devaluation of sterling, ended 0.4% ahead to 7,114.71.
Many of those listed firms book much of their earnings in foreign currencies, and benefit from a weak pound.
The FTSE 250, a stock index that is seen as more representative of the UK economy, closed down 0.7% to 19,202.99.

https://www.bbc.co.uk/news/business-49493885
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