Daily Briefing: - UK PM May's offer to quit fails to break Britain's Brexit deadlock - DUP leader says abstaining on May's deal 'never an option' - MP Letwin says no-deal Brexit on April 12 is UK's most likely option
The bond markets in Europe are equally gloomy on economic prospects, and after European Central Bank President Mario Draghi said on Wednesday that any planned interest rate increase, futures markets have taken all pricing of an ECB rate rise off the horizon through 2021.
Sterling weakened only a touch after Wednesday’s offer by UK PM Theresa May to resign if she gets her Brexit withdrawal agreement through and after the confusing series of votes by parliament on ways to break the Brexit deadlock., but the highest number of votes for any of the eight options was for a second referendum and the narrowest defeat was for some form of full customs union. The no-deal option was again heavily defeated.
The pound was trading at $1.3160 first thing Thursday – having slipped back to last Friday’s levels overnight. Goldman Sachs said Thursday's events
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