Pound PLUNGES against the euro and dollar after MPs vote

Mail Online | 4/2/2019 | Tim Stickings For Mailonline
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The pound dropped sharply on currency markets after MPs once again rejected every option in a series of Brexit votes.

Sterling fell against both the pound and the euro as the chance of a softer Brexit appeared to diminish in the wake of the latest Commons results.

Moments - Ken - Clarke - Customs - Union

In the moments after Ken Clarke's customs union proposal was rejected by three votes, the pound was at €1.164 and $1.305, a drop of around 0.5 per cent against both currencies.

The results leave the door open to a chaotic No Deal Brexit in less than two weeks if MPs cannot agree a way forward.

Day - Pound - Investors - Government - Brexit

Earlier in the day the pound had risen as investors hoped the Government might back a soft Brexit, maintaining close ties to Brussels.

Some ministers including Justice Secretary David Gauke had hinted at a pivot towards a customs union if there was enough support in Parliament.

Defeats - Customs - Union - Deal - Proposals

But defeats for both the customs union and Norway-style deal proposals has left the future of Brexit more uncertain than...
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