Sterling falls below $1.20 ahead of Brexit showdown in UK parliament
U.K. lawmakers return from summer recess on Tuesday afternoon, with a cross-party group of lawmakers expected to begin the first of a range of measures intended to block the possibility of a no-deal Brexit on October 31.
This would be subject to a vote, which if passed, would tie Prime Minister Boris Johnson's hands ahead of the suspension of parliament from September 9 until October 14. However, government officials have said that if parliament votes in favor of the opposition's amendment to the terms of emergency debate in order to allow it to go ahead, the prime minister will call a snap general election for October 14.
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