The British Parliament gives May’s Cabinet to extend the Article 50 from the end of the March. Obviously, it depends on the consent of all members of the European Union. 412 members of the parliament votes for the extension and 202 against. The pound gained in the first reaction but now gives back earlier gains. The nearest support is above 1.3200.
It is worth to note that all amendments were rejected by the parliament. Rejection of Benn amendment (which was the close call) should be supportive for Theresa May. Source Bloomberg
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appGBPUSD decreases slightly after parliamentary vote to extend Article 50. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.