Markets don’t like uncertainty and not surprisingly Teresa May’s decision to postpone the Brexit vote has caused a further slide in the value of the Pound against both the Dollar and the Euro. The decision to postpone came in the face of an unavoidable defeat in the commons and this has caused sterling to dip below $1.26 against the dollar late on Monday and below €1.110 against the euro. Things could be a bit volatile over the next few days until the future strategy becomes clearer.
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