Tonight was a good night in Parliament for the financial markets as MPs took another step towards delaying Brexit from 31st October 2019 to 31st January 2020 and their rejection of the Prime Minister’s call for an election meant the door to Labour’s anti-business policies remained closed. That explains why the pound strengthened back to $1.22 earlier today in anticipation of these events. But this (relative) sweet spot is unlikely to last long.
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