HomeContributorsTechnical AnalysisBoris Johnson's Brexit Plans Hits Legal Hurdles

Boris Johnson’s Brexit Plans Hits Legal Hurdles

The Pound sterling was muted as Scottish court rules Parliament suspension unlawful. The UK Prime Minister’s decision to suspend the parliament was deemed unlawful by a Scottish court. The ruling sets the stage for a showdown between the UK government and the opposition. Lawmakers ruled that Boris Johnson’s decision to suspend the parliament was done in order to prevent them from debating Brexit.

GBP/USD Trades Flat for the Moment

The currency pair was seen closing with a doji pattern for two consecutive days. This comes following a bullish engulfing candlestick pattern formed earlier on Monday. The upside looks limited for the moment. Price will test the resistance area of 1.2406 ahead of a correction lower.

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