British Prime Minister Wen Cuishan announced the new Brexit plan and joined the second referendum option, causing dissatisfaction with the British ruling and opposition parties. The Conservative Party leader of the House of Commons resigned. Foreign media reported that Prime Minister Wen Cuishan will announce the resignation schedule after meeting with Sir Graham Brady, chairman of the “1922 Committee” today.
Affected by the news, the pound saw a new low since January this year, against the dollar low 1.2606, the latest reported 1.2661; against the Hong Kong dollar low see 9.8932, the latest reported 9.9363.
According to the analysis, the fall of Wen Cuishan may make the prospect of the pound more complicated. The disguised position makes the UK “harder to escape” and the pound may have a chance to go down again.