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Pound falls after UK parliament rejects Brexit plan

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The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.

Sterling had been mostly stronger against both the dollar and the euro in the runup to the vote, but then fell to its lowest point against the greenback in more than two weeks within moments of the count.

Lawmakers in parliament’s lower House of Commons defied May’s plea to end a political deadlock over Brexit, defeating her withdrawal agreement by 344 votes to 286. The pivotal vote came on the day Britain was supposed to leave the European Union until May asked the bloc’s leaders last week for a little more time.

In commodities, oil prices were headed for a strong finish to the week, having enjoyed their best quarter in 14 years, with Brent crude jumping 26 percent and WTI by 29 percent since the start of the year on tighter supplies.

 

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Let it fall inside the gutter. UK has been our misfortune

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