Sterling Soft Despite MPs Ruling Out Hard Brexit

Apr 04,2019 23:43   Source:Earnforex

50 pound notes and some coins on the UK flagThe Great Britain pound was soft today even as the British Parliament voted for a bill that rules out a no-deal Brexit.

The House of Commons voted for a bill that prevents hard Brexit and approves an extension of the final date of Britain’s divorce from the European Union. The voting was uncharacteristically quick and was won by just one vote, making some politicians call it a “constitutional outrage”. Meanwhile, Labour leader Jeremy Corbyn talked about his meeting with British Prime Minister Theresa May, calling it “useful, but inconclusive”. The talks will continue today.

GBP/USD traded at 1.3149 as of 9:53 GMT today after opening at 1.3156 and rallying to the daily high of 1.3191. GBP/JPY edged down from 146.66 to 146.52.

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