Sterling falls after the British Parliament decision

The British pound fell against the US dollar today after the British Parliament rejected the agreement that was secured by Prime Minister Boris Johnson with the European Union last week.

The House of Commons voted today against Johnson's Brexit timetable, through which the prime minister was trying to implement the UK's exit from the EU before October 31.

The parliament did initially agree on Johnson's deal but not on the  timetable that the prime minister was hoping to win the parliament's support to implement it in time.

Thus, Johnson now has two options, either to wait for the European Union to approve the request to extend the Brexit deadline until the end of January, or-according to several sources- he will have to call for an early election before Christmas.

By 19:53 GMT, GBP/USD fell by 0.5% to 1.29, with an intraday high of 1.2998 and a low of 1.285.