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Pound steadies as traders wait on Brexit confusion
The pound steadied on Wednesday after an overnight fall as Brexit hung in the balance, with the UK Parliament still divided on how, when or even if to engineer Britain’s departure from the European Union. The yen rose against the U.S. dollar and the Australian dollar as some investors sought a safe haven amid doubts about efforts to scale back a bruising trade war between the United States and China. On Tuesday, UK lawmakers voted by 329 to 299 in favor of Prime Minister Boris Johnson’s Brexit plan, but then opposed Johnson’s extremely tight timetable to complete the legislative process in three days by 322 to ... (full story)