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Stock impact report

Currencies: British pound trims losses after Brexit plan overwhelmingly rejected [MarketWatch]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: MarketWatch
British pound trims losses after Brexit plan overwhelmingly rejected The British pound pared its sharp losses against the U.S. dollar in late Tuesday trading, after the British Parliament rejected overwhelmingly Prime Minister Theresa May’s Brexit plan, leaving the process surrounding the U.K.’s exit from the European Union in disarray. While the deal was expected to be voted down, the defeat by a 230-vote margin was more severe than anticipated. The House of Commons voted 432-202 against the deal, with 118 of May’s fellow Conservatives among the nays. The Labor Party, led by Jeremy Corbyn, will now bring a vote of no-confidence against the government, which will likely be held Wednesday. If May were defeated, elections could follow. Read: After historic Brexit defeat — what’s next? All else equal, the government will have three days following Tuesday’s defeat to present Parliament with an alternative deal. Don’t forget: 3 reasons why investors outside of the U.K. should care abo Show less Read more
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