Foreign Exchange & Fixed Income

Reuters first with key alerts on UK Supreme Court ruling on Johnson suspending parliament; market reacts

Reuters first with key alerts on UK Supreme Court ruling on Johnson suspending parliament; market reacts

When the UK Supreme Court ruled on September 24 that prime minister Boris Johnson’s suspending of parliament was unlawful, in terms that couldn’t have been more clear, Reuters was first with the key alerts: that the judges thought the case was within their jurisdiction, that the prorogation was not normal, and that it was unlawful. Following the news, the pound rallied half a percent on the belief that this would make a no-deal Brexit less likely.