The pound edged up on Wednesday after turbulence following the defeat of British...
TOKYO - The pound edged up on Wednesday after turbulence following the defeat of British Prime Minister Theresa May’s European Union exit deal, but investors braced for more volatility ahead of additional Brexit proceedings.
Lawmakers will now vote later on Wednesday on whether Britain should quit the world’s biggest trading bloc without a deal. If such a “no-deal” exit plan is rejected, another vote will be held on Thursday on whether to extend the March 29 departure date. Sterling was up 0.2 percent at $1.3089 and stuck to a narrow range. The currency had lost 0.65 percent the previous day, when it fluctuated widely between $1.3290 and $1.3005.
The EU’s 28 government leaders will decide at a March 21-22 summit whether to extend the negotiating period beyond the current exit date on March 29.
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