The pound rallied overnight as UK Prime Minister Theresa May managed to secure legally binding assurances from the EU with regards to the Brexit accord. Today, the updated deal is likely to return to the UK Parliament for another “meaningful vote”, and if it is voted down, MPs will vote tomorrow on whether they want to leave the EU with or without a deal. If Parliament rejects the option of a disorderly withdrawal, a third vote over extending Article 50 will be held on Thursday. Apart from the UK vote on Brexit, we also get the US inflation data for February.
GBP Rallies on Brexit Assurances, Parliament Votes Today
The pound traded higher against all the other G10 currencies on Monday. The main losers were CHF, JPY and USD in that order, while the currency that underperformed the least against the British currency was NOK.
The pound rallied overnight as UK Prime Minister Theresa May managed to secure legally binding assurances from the EU with regards to the Brexit accord, in a last-minute attempt to convince UK lawmakers to...
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