British Pound depreciates on possible Parliament suspension

On Wednesday morning, August 28, the British Pound depreciated 129 pips or 1.05% against the US Dollar.  

The reason for the drop is a possibility that the UK Queen Elizabeth could be asked to extend the UK Parliament break until October 14. 

Previously, the British Prime Minister Boris Johnson said that the UK would leave the European Union with or without a deal on October 31. Thus, a possible Parliament suspension might be a part of the UK Government campaign to get Brexit done.