The pound has rallied over the last two days, hitting a two-year high on Tuesday as a no-deal Brexit seems less likely. Yesterday’s debate in Parliament saw the Cooper amendment passed, essentially putting in stone the Prime Minister’s assurance that there would be a vote on extending Article 50 if needed.
Otherwise, it was a mixed bag from Parliament. Corbyn has said he will throw his backing behind a second referendum – among other options – after Labour’s customs union deal proposal was roundly rejected, as was the SNP’s amendment that the UK would not leave without a deal under any circumstance.
In the Eurozone, the main focus too has been Brexit, although statistical releases didn’t paint a positive picture. Industrial sentiment came in below expectations, in another sign of the Eurozone’s continued economic worries.
Meanwhile, Kim and Trump failed to reach a consensus in Vietnam. Back in the US, the dollar strengthened slightly following comments by Robert Lighthizer on the progress of US-China trade deals.
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