30.08.201914:57 Forex Analysis & Reviews: GBP/USD. The first attempt by opposition deputies failed

The British pound continues to decline against the US currency, but in general, traders are in standby mode. Waiting for the resumption of the UK Parliament, as everyone is interested in what steps the opposition will take to Boris Johnson. By and large, it's the opposition's move now, and Johnson is just waiting on September 9th when Parliament leaves for a second vacation. The first attempt by opposition deputies failed. A group of 75 deputies appealed to the Scottish court to overturn Johnson's decision to temporarily halt the work of Parliament. However, the Court rejected even a request for a temporary suspension of Johnson's decision, until the case was fully considered in Court. However, there is still hope, as a full hearing will be held on Tuesday. Then the judge will be familiar with all aspects of the case and can make another decision, although of course there is little hope for this. A group of politicians from different parties insists that the Prime Minister's decision was "unconstitutional" and "illegal," not to mention "undemocratic."

Well, the fate of the pound will now depend not on Brexit and its date, but on whether the part of the deputies who rebelled against Johnson can prevent him from stopping the work of Parliament or not. If so, there will be real opportunities to block the country's disordered exit from the EU on October 31. If Johnson's decision (approved by the Queen of Great Britain) cannot be reversed, the probability of cancellation or postponement of Brexit on October 31 is reduced to almost zero. And with it the hopes of traders to strengthen the British currency.

By the way, consumer confidence in the UK, published last night, fell from a negative value of -11 to -14 in August, which perfectly reflects the mood of consumers regarding the current economic situation in the country.