stronger pound reflects citys relief at receding no deal brexit | phillip inman /

Published at 2019-02-27 21:27:40

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Traders still maintain doubts about the PM getting her deal absent despite chance of additional timeThe pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious,that is, to City traders, or who maintain always bet that a deal is the most likely outcome of the Brexit talks and now believe it to be a racing certainty.
Theresa Mays concession of a vote in a fortnight to delay Brexit,which she agreed as a way to keep her own deal in play, was the trigger for a Mexican wave across the City.
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Source: theguardian.com

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