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UK lawmakers support Article 50 extension

The British Parliament gives May’s Cabinet  to extend the Article 50 from the end of the March. Obviously, it depends on the consent of all members of the European Union. 412 members of the parliament votes for the extension and 202 against. The pound gained in the first reaction but now gives back earlier gains. The nearest support is above 1.3200.

It is worth to note that all amendments were rejected by the parliament. Rejection of Benn amendment (which was the close call) should be supportive for Theresa May. Source Bloomberg

GBPUSD decreases slightly after parliamentary vote to extend Article 50. Source: xStation5

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Morning wrap (03.12.2021)
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