Sterling jumps on UK no-confidence vote bets; euro gains 3:26pm EST [Reuters]
Evercore Inc. Class A (EVR)
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Source: Reuters
Sterling jumps on UK no-confidence vote bets; euro gains | Reuters 3 Min Read NEW YORK (Reuters) - The pound rallied on Wednesday, rebounding from a 20-month low, as traders bet British Prime Minister Theresa May would survive a no-confidence vote on her leadership, allowing her to salvage her deal for Britain to exit the European Union. A revised Italian budget proposal to the European Union that is lighter on debt lifted the euro against the dollar. An index that tracks the dollar against a basket of currencies including the euro and sterling retreated below a near one-month peak reached on Tuesday. “It looks like she is going to win and we have to see how many votes she wins by,” said Stan Shipley, a strategist at Evercore ISI in New York. A secret ballot on the no-confidence vote on May started at 1800 GMT and was expected to end at 2000 GMT in a room at the House of Commons. An announcement was due at 2100 GMT. Almost 200 members of May’s Conservative indicated support for her as
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