The pound climbed Friday before a crucial vote on Brexit, with forex traders willing to bet that Britain’s departure from the EU will be put off again, this time for longer.
“Sterling may be banking on the likely third failure of Theresa May’s withdrawal agreement leading to a substantial delay rather than a no-deal exit.” In equities trading, while the past five days have been dogged by fears over the outlook for the economy, markets have enjoyed a stellar first-quarter overall, mostly on hopes of a US-China tariffs deal and prospect of lower borrowing costs.
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