The pound has recovered most of Tuesday’s losses after MPs voted to reject Theresa May’s Brexit deal.
The vote opens up a range of outcomes, including no deal, a renegotiation of Mrs May’s deal, or a second referendum.
Sterling was still down on the day by 0.4% to $1.279 after declines of more than 1%.
The currency slumped 7% in 2018 reflecting uncertainty about the terms of the UK’s exit from the European Union.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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