Sterling tumbles after May loses third Brexit vote

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The GBPUSD tumbled over 50 pips in a matter of minutes after MPs voted against Theresa May’s Brexit for a third time – by 286 votes to 344.

This rejection of Theresa May’s Brexit deal has created another element of uncertainty over Brexit, at a time where investors are desperately seeking clarity. With today’s result giving the UK until April 12 to announce a new plan, fears of a no-deal Brexit are likely to mount. The pressure for a second referendum or general election is only going to grow in voice after Theresa May’s deal got rejected for the third time. Where we go from here remains… Read More:

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