Markets bounce on political developments It promised to be an eventful week in Parliament and that’s exactly how it’s playing out and so far, the pound is the winner. Sterling has been battered in recent months as no-deal Brexit odds have soared and extraordinary measures have been touted to ensure it happens, if the EU doesn’t remove the backstop. Recent developments, while not altogether unexpected, have slightly reopened the second referendum door if a new election sees the Conservatives under-perform. This has brought some reprieve to the pound, just as it slid below 1.20 against the dollar, although no-deal ... (full story)