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Market Comment | Markets remained awaiting the outcome of the Brexit vote

Tuesday, March 12, 2019

Market Comment | Markets remained awaiting the outcome of the Brexit vote

Caution in markets with all eyes on the outcome of the UK Parliament’s vote on May’s Brexit deal later today. Yesterday, May agreed on a revised Brexit plan with the EU in a move to try and win the support from the Parliament, leading the GBP to appreciate. However, the GBP depreciated today after reports showed the assessment from the UK’s top lawyer over the “backstop”.

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