Sterling extended its rally on Wednesday evening as UK parliamentarians voted to rule out exiting the European Union under any circumstances without a deal, fuelling fresh speculation of a soft Brexit or a second referendum. The UK currency had soared by 1.8 per cent to $1.3307 at 8.15pm, having been trading 1.1 per cent higher against the dollar shortly before members of parliament in the House of Commons started to vote on the matter. Sterling jumped by 1.4 per cent to 85.11p against the euro, having earlier traded 0.7 per cent higher. Members of parliament voted in favour of amendments calling for a rejection of disorderly no-deal Brexit at any time under any circumstance. Our expectation is that Brexit will be delayed,” he added.

Source: The Irish Times March 13, 2019 20:37 UTC