Brexit falls through, Theresa May awaits no-confidence vote: Investors advised not to take directional views on sterling, gilts or UK stocks
Wednesday, 16 January 2019 European Union leaders said they would step up preparations for a no-deal Brexit and business groups reacted with alarm after British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday.
According to Reuters, Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May’s government.
Investors saw potential for legislative...
After a sharp fall on Tuesday's key UK parliamentary vote on Brexit, sterling rose again on Wednesday. But, as David Pollard reports, investors are deeply anxious over whether the UK can avoid crashing..