XE Market Analysis: PM May's Government Survives No-Confidence Vote

OVERVIEW

  • Even though Labour Party Leader Jeremy Corbyn argued that PM May’s “zombie administration” is shuffling along, Theresa May survived a 325-306 vote. 
  • GBP EUR firms up as investors feel a soft Brexit or delay is within reach.   
  • USD EUR rises on news Germany recently barely avoided a recession 

HIGHLIGHT