Sterling trimmed its losses in a volatile session on Tuesday evening after UK parliamentarians voted down Theresa May’s tweaked Brexit deal, prompting speculation that an extension on the EU exit date or a second referendum may be on the cards. A third vote would then be held on Thursday on whether Britain should request from the EU a limited extension of the March 29th Brexit date. Down 0.3 per centSterling was trading down 0.3 per cent at $1.3101 at 7.45pm having been 0.5 per cent lower before voting began. The currency was off 0.9 per cent against the euro, at 86.314p, having traded down more than 1 per cent ahead of the vote. ‘Deal is now dead’“While it’s still unclear if this is the final throw of the prime minister’s dice, her deal is now dead.

Source: The Irish Times March 12, 2019 20:31 UTC