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Pound collapses as Boris Johnson unveils plan to force the UK out of Europe

(Image: Getty Images Europe)

Sterling dived as concerns rose that the United Kingdom may be headed out of Europe without a deal in place after Prime Minister Boris Johnson moved to restrict parliamentary time before the October 31 deadline.

Johnson said on Wednesday he would schedule a Queen's Speech for October 14 to launch new legislation. He denied he was seeking to prevent parliament from obstructing his Brexit plans.

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