Sterling rebounds from lows as Brexit rebels pledge loyalty to May Sep 12 2018 [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Sterling rebounds from lows as Brexit rebels pledge loyalty to May | Reuters 3 Min Read LONDON (Reuters) - Sterling GBP=D3 bounced back from early lows in volatile trading on Wednesday after Brexit-supporting members of parliament in British Prime Minister Theresa May's party publicly pledged support for her to stay in power. The pound had fallen as much as a quarter of a percent to below $1.30 GBP=D3 against the dollar after the BBC reported a group of MPs in May's ruling Conservative Party had met to discuss how and when they could force her out of her job. But it later rose as MPs within her party said they wanted May to stay in power despite disagreeing with her Brexit proposals. Rebellious Conservative MPs have condemned May’s plans for Britain to remain in a free trade zone for goods with the EU after it leaves the bloc. European Commission head Jean-Claude Juncker on Wednesday also renewed a pledge of close trade and security ties with Britain post-Brexit, helping lift sentimen
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