Pound shoots higher despite Brexit drama; Gold snoozes

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The British Pound was in high demand on Monday despite UK lawmakers delaying a crucial Brexit vote over the weekend.

Markets were pricing in the best-case scenario in terms of a Brexit deal being passed this week despite the setback on Saturday. However, Speaker John Bercow quashed these hopes after blocking Boris Johnson’s bid to hold a second Brexit vote on Monday afternoon. Although the Prime Minister has already requested another extension to the deadline which effectively reduces the odds of a no-deal Brexit, investors need to remain cautious given the uncertain nature… Read More:

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