British Pound Firms After Lawmakers Vote to Block No-Deal Brexit
- ‘I would have expected a bit more,’ CIBC’s Bipan Rai says
- ‘Anything that helps avoid hard Brexit is positive’: Westpac
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Sterling firmed after U.K. lawmakers voted to block a so-called no-deal Brexit, although the currency held well within its trading range from the prior day.
The pound climbed as much as 0.2 percent to $1.3181 in Asia trading Thursday. The move came after a bill to prevent Britain from tumbling out of the European Union without an agreement passed the House of Commons by a solitary vote. It will now go to the House of Lords, which is widely expected to approve it.