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GBP/USD: UK Parliament still likely to reject May’s Brexit deal
The much-anticipated delayed Commons vote is about 24 hours away now. Ahead of the vote, UK Prime Minister Theresa May has made a last-ditch attempt to persuade MPs to save her version of Brexit with a (dare I say, meaningless) speech in Stock-on-Trent earlier today. Meanwhile the UK government has also published the letter from the EU on the backstop assurances. Among other things, it states that the EU is committed to speedy work on trade deal by December 2020 to avoid triggering the Irish backstop arrangement and that it is willing to extend the transition period if needed. Essentially, the PM’s speech contained ... (full story)
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