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The pound fell against both the euro and the dollar tonight as MPs rejected Yvette Cooper's bid to delay Brexit and prevent a no-deal departure from the EU.
Defeat for Cooper's plan to delay Brexit if there is no deal in place by February 26 saw sterling plunge by about 0.5 per cent.
Decline - Sterling - Value - Pound - Fall
The decline in sterling's value saw the pound fall to a five-day low against the U.S. dollar and a six-day low against the euro.
The currency suffered a further drop after Graham Brady's amendment to back changes to the withdrawal deal was passed.
Pound - Euro - Dollar
At 9.20pm, the pound was worth 1.14 against the euro and 1.31 against the dollar.
It is still stronger than it was a week ago and higher than either the turn of the year or the immediate aftermath of the PM's Brexit deal being crushed on January 15.
Ms - Cooper - Amendment - Votes - Commons
Ms Cooper's amendment was comfortably defeated by 23 votes, 321 to 298, as the Commons backed the Prime Minister's plan to renegotiate the backstop.
MPs then backed an amendment from Tory Sir Graham Brady, supported by Mrs May, calling for...
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