LONDON (Reuters) – Sterling fell on Wednesday after a BBC journalist said that Britain’s Queen Elizabeth could be asked as early as Wednesday to agree to suspend parliament.
The pound, already trading lower on the day, extended its drop to hit $1.2220, down 0.5% on the day <GBP=D3>.
Against the euro the British currency also weakened 0.6% to 90.81 pence <EURGBP=D3>.
Sterling had rallied in recent days on hopes that Britain’s opposition parties can stop a no-deal Brexit.
British Prime Minister Boris Johnson has said the UK is leaving the European Union with or without a deal on Oct. 31, and media have previously reported that he wants to suspend parliament to help force through an exit.
(Reporting by Tommy Reggiori Wilkes; Editing by Dhara Ranasinghe)