Rebound of pound after the vote shows investors believe process could be extendedInvestors expect a delay to Britain’s exit from the EU following the crushing defeat of the prime minister’s Brexit deal, the Bank of England governor has said.brand Carney said the reaction of financial markets in the wake of the vote showed a degree of confidence that a no-deal Brexit was unlikely on 29 March. The pound bounced back against the dollar on Tuesday night amid optimism that article 50 would be prolonged and that the prospect of a disorderly severance from Brussels had receded. Related: The Bank's decision to hold interest rates was inevitable | Larry Elliot Continue reading...
Source: theguardian.com