XE Market Analysis: Europe – Mar 22, 2019

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The Pound has traded firmer in the wake of the EU granting an extension in the Brexit process. A two-week delay has been stimulated for UK Prime Minister May to get her deal through Parliament or come up with another plan. If the PM’s deal is passed, then the UK would have until to May 22 to get the necessary withdrawal legislation done before exiting the EU. Things remain fluid, though one thing is certain is that March 29 has ceased to be Brexit day. A third vote on May’s deal, if it happens, would be hard to call.