//Sterling slides on reports of parliament to be suspended – business live

Sterling slides on reports of parliament to be suspended – business live

Rolling coverage of the latest economic and financial news

Latest: Sterling hit by rumours of proroguing parliament

Earlier:

Recession fears mount as US yield curve invertsInvestors: it’s a flashing red lightBrexit dashboard: UK economy falters

9.22am BST

The BBC’s Laura Kuenssberg has heard that Boris Johnson’s plan is to hold a Queen’s Speech – outlining the legislative priorities – on 14th October.

That’s just two-and-a-half weeks before the UK is due to leave the EU.

Johnson govt to hold Queen’s speech on 14th October, will be confirmed by privy council at Balmoral today – No 10 says it’s all biz as usual for a new govt, but has useful political side effect that denies MPs time to try to stop no deal

Parliament likely to meet therefore from next Monday until around the 11th of September – understand Downing St thinks they have some legal protection from court cases if they are suspending Parliament to come back with a Queen’s Speech – there is going to be HUGE row

Rebels, including senior Tories, likely now to be even more determined to try to change the law next week – 3rd Sept likely to be a big showdown

9.20am BST

The pound has also dropped against the euro to €1.103, from €1.108 yesterday (a one-month high).

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Read more: theguardian.com