Pound Volatility to Increase on Court Ruling: Morgan Stanley

Pound Volatility to Increase on Court Ruling: Morgan Stanley

Sep.24 — Andrew Sheets, chief cross-asset strategist at Morgan Stanley, discusses the outlook for the pound and Brexit following the U.K. Supreme Court ruling that Prime Minister Boris Johnson’s suspension of Parliament was unlawful. Tim Bale, professor of politics at Queen Mary University of London, also speaks on “Bloomberg Surveillance.”


Eamon Os says:

The law is made-up here in the UK as time moves along. Just price in the fact that democracy and our political system are completely screwed-up here in the UK and there is no sign of an end to the political fighting

David Kasta says:

He did not act unlawfully but they decided he was unlawful (as it was not Common Law at the point he acted) . BIG DIFFERENCE. It now becomes Common Law and unlawful if repeated. But……The Supreme Court, less than 10 years old, just overruled Royal Ascent. They ruled HM The Queen was unlawful in giving ascent (as she acted secundum). This was a very grave decision. This is a constitutional crisis and a state of emergency needs to be called now.

Golden Nugget says:

It’s just a scottish court, no where near the highest court in Britain, who ruled it lawful

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