Pound yawns as Brexit fatigue sets in; Oil jumps

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The Pound was clearly disinterested this afternoon after Prime Minister Theresa May asked Members of Parliament to grant her more time for Brexit talks.

Investors who were hoping for some fresh insight into the progress of Brexit negotiations were left empty handed after her update brought nothing new to the table. With the European Union repeatedly stating that the withdraw agreement is “not open for re-negotiation”, it will be interesting to see what May actually achieves with the extra time. The pound’s muted price reaction to May’s speech suggests that Brexit fatigue may be setting in… Read More

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