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As UK Parliament descends into chaos, pound finds support from rising chances of no Brexit
The completion of the Withdrawal Agreement between UK and EU negotiators was meant to signal the end of months of uncertainty, quell fears of a no-deal Brexit, and set the groundwork for talks on future relations. However, Prime Minister Theresa May’s hard-fought deal has come under heavy attack from all sides of the political spectrum in the UK, with Westminster descending into chaos amid a fractious parliament. The endless Brexit headlines have generated a lot of choppy trading for the pound. But the British currency appears to have, for the moment at least, found a floor around $1.2650, as a range of scenarios, ... (full story)