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"No" to Brexit Deal

Wednesday, January 16, 2019

Parliament delivered a decisive "No" to Theresa May's Brexit deal and the predicted slump in the pound has not materialised, indeed because the possibility of remaining in the EU is still alive, the pound actually rose slightly in value. The defeat had been expected since negotiations with the EU closed in November 2018 and the markets were buoyed by the fact that virtually all of Parliament appears set against a catastrophic no-deal Brexit.