FTSE LIVE: Pound slides under $1.20 as MPs launch effort to block Brexit and election looms; Lloyds to buy Tesco mortgage book; Restaurant Group profits fall
The pound has slipped under $1.20 as MPs launch their latest effort to block Brexit in Parliament. Prime Minister Boris Johnson has indicated an election will be called if MPs vote down the government.
In company news, Lloyds revealed it has reached an agreement to buy Tesco’s mortgage book. The deal will see more than 23,000 residential mortgage customers transferred over.
Restaurant Group’s profits have fallen after the Wagmama owner was hit by large one-off costs.