The pound soared against the euro and dollar after MPs voted against a no-deal Brexit, making it more likely Britain’s departure from the European Union (EU) will be delayed.
Sterling briefly surged to almost €1.18 against the euro and $1.33 against the US dollar – the highest rate in months – after MPs defeated Theresa May’s government in two more votes on Wednesday night.
The prime minister was forced to concede that she would ask Brussels for a short extension, delaying Britain’s departure until June.
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