British pound falls 0.43 percent against US dollar in wake of Brexit deal vote
  • ECONOMY

  • 19:27 29 March 2019

British pound falls 0.43 percent against US dollar in wake of Brexit deal vote

The British pound fell on Friday by 0.43 percent against US dollar immediately after the announcement of the results of the Brexit vote in the UK House of Commons, according to available trading data, ONA reports citing Sputnik International.

British lawmakers have rejected Theresa May's Brexit agreement for the third time in a 344-286 vote. The United Kingdom now has until April 12 to find a new solution, otherwise, it will be staring into the face of a no-deal Brexit.

The news has already had an impact upon currency rates, with the pound initially dropping to $1.298 but started a slow recovery shortly after.

UK government bond prices are also said to have spiked following the parliamentary rejection. The yield on 10-year gilts plunged below 1% as investors sought after the safety of government bonds and gilt futures rallied by more than 30 ticks on the stock news.

Ilkin Jalilov

Tags: UK pound Brexit

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