Pound rebounds on Brexit debate promise

Pound rebounds on Brexit debate promise
 

The pound has recovered some of its losses after Prime Minister Theresa May agreed to a Commons debate on the Brexit process.
The pound was trading 1% higher against the dollar at close to $1.23.
Sterling has been sliding since Mrs May announced on 2 October that the formal Brexit negotiation process would start by the end of March 2017.
Traders sold the pound, fearing the effects of a UK exit from the single market.
However, MPs have been demanding to scrutinise the plan to leave the European Union before that date, and on Wednesday the government agreed there should be a "full and... read more

 
12 October 2016 in Business, Views: 30
Source: BBC
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