Tonight’s decision by Parliament to take the first step to delay Brexit until 31st January 2020 could reduce some of the downward pressure that resulted in the pound weakening to $1.19 and 10-year gilt yields falling to 0.34% earlier today, but probably not a lot as much depends on who wins the general election that now seems imminent. With the Tories in pole position in the polls, no deal Brexit either on 31st October or 31st January remains a real possibility.
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