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Brexit court defeat provides markets with ‘good uncertainty’ – analyst

Thursday, November 3, 2016 7:30
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The High Court has ruled that parliament must vote on whether the UK can start the process of leaving the EU. The implications of that  mean the government can’t trigger Article 50 on its own. An appeal’s now been lodged with a further hearing expected next month.

Kathleen Brooks from City Index tells Proactive ”the court decision has been massively significant. The pound is the best performer in the G10 so far today and that’s not something we’ve seen for many months so it seems to have really put a rocket behind the pound today and we’ve seen it roar higher”. Brooks adds: ” it likes this uncertainty … it’s good uncertainty we should say, certainly for the FX markets”.

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