XE Market Analysis: Europe – Mar 14, 2019

The Pound has come off the boil after surging on the unexpected passage of a motion, which hadn’t even been expected to be selected by the House Speaker to be voted on, that rejects a no-deal Brexit under any scenario. The vote split was close, at 312 to 308. In the original vote on a resolution to leave the EU without a deal (specifically on March 29, but leaving the option for leaving without a deal in the future), this was rejected by a majority of 43.