Boris Johnson to Suspend Parliament, Triggers Backlash: Brexit Update

• The British pound fell as much as 1.1%, the most in a month, after the BBC reported that U.K. Prime Minister Boris Johnson will ask Queen Elizabeth II to suspend parliament from Sept. 12 until Oct. 14, a move which could severely hamper efforts by anti-Brexit lawmakers to block a no-deal exit from the European Union.
• While suspending parliament, known as proroguing, is not unusual, using it to strategically frustrate opposition to the government is likely to cause an uproar.
• The decision is expected to be confirmed by the Privy Council – a group of senior politicians who advise the Queen – later today.

(Source: Bloomberg)