British pound steadies after UK lawmakers give nod to Brexit delay [CNBC]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: CNBC
British pound steadies after UK lawmakers give nod to Brexit delay Sukree Sukplang | Reuters British pound notes The UK European Union yen Bank of Japan North Korea United States But it is up 1.8 percent so far this week, the biggest such gain since late January, supported by relief that Britain will avoid crashing out of the EU without a deal. Against the euro British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit The pound was mostly steady after the motion was passed late on Thursday. "There has been a soft consensus in the market that the Brexit will be delayed. Things have been moving in line with that," said Kyosuke Suzuki, director of forex at Societe Generale. "But tail risk has not completely disappeared yet. The next week's EU summit will probably be the climax," he said, noting the fact that all 27 EU members must approve any extension. Before UK Prime Minister Theresa May Lawmakers must now decide whe
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