Order! Order! Pound traders brush up on parliament as Brexit stakes mount 10:13am EST [Reuters]
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Source: Reuters
Order! Order! Pound traders brush up on parliament as Brexit stakes mount | Reuters 5 Min Read LONDON/NEW YORK (Reuters) - How would you get an 18-second jump on a big move in the pound? Bone up on your parliamentary protocol. As if Britain’s unwieldy departure from the Europe Union were not bewildering enough, Brexit has thrown up another conundrum for investors: parliament. Centuries-old and often idiosyncratic, the institution is asserting more control over Brexit negotiations. The result is wild swings in sterling during volatile Brexit votes. Trading off parliamentary debates sounds perilous. But as currency traders have discovered, a little knowledge of the protocols used by the 650 elected members of the lower chamber - the House of Commons - can win them a useful edge over rivals. Recent high-stakes parliamentary votes have left many onlookers scrambling to interpret often obscure signals. Not wanting to be caught out when lawmakers next vote on Prime Minister Theresa May’s Br
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