UPDATE 1-Pound boomerangs, down versus dollar after Johnson calls for election

Published 24/10/2019, 18:02
© Reuters.  UPDATE 1-Pound boomerangs, down versus dollar after Johnson calls for election
GBP/USD
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(Updates prices, adds byline)

By Kate Duguid

NEW YORK, Oct 24 (Reuters) - The British pound GBP=

whipsawed in choppy trade after Prime Minister Boris Johnson on

Thursday called for a national election, landing about 0.5%

lower on the day against the dollar.

Johnson said on Thursday that he was asking parliament to

approve a national election to take place on Dec. 12 as part of

his efforts to ensure Britain leaves the European Union.

Although uncertainty about Brexit has hurt the pound, the

currency has been bolstered in October as the chances of a

no-deal exit have been all but eliminated. The pound was last

down 0.52% to $1.285. It is up nearly 5% this month.

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