Theresa May survives no-confidence vote…what next?

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Sterling offered a fairly muted reaction on Wednesday evening despite UK Prime Minister Theresa May narrowly surviving a vote of no-confidence in Parliament.

The relatively subdued price action is likely based on the fact that this outcome was already heavily priced in. With May’s victory removing an element of uncertainty at a time where Brexit continues to drain investor confidence, the British Pound has scope to edge higher in the near term. However, this illusion of stability is unlikely to last, especially when considering how the Prime Minister only has a few days to present an… Read More

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