Here’s How Parliament Is Plotting to Stop a No-Deal Brexit

• Parliament returns for its first post-holiday sitting today in London, and it looks like it’s going to be a very interesting one.
• A cross-party group is hoping to introduce a draft law which would force Prime Minister Boris Johnson to delay Brexit if he can’t broker a new deal with the EU by the current Oct. 31 deadline.
• Johnson reacted to the threat by saying he would rather have an election than see his negotiating position with Europe undermined.
• Sterling dropped to $1.1959 this morning, the lowest level since 2016, as the uncertainty takes its toll.

(Source: Bloomberg)