Brexit Votes Helps Buy PM May More Time – 12 December, 2018

Prime Minister Theresa May’s no-confidence vote helped the pound keep its gains as it bought her some more time to work on a more favorable Brexit deal. She received support in the form of a vote from conservative lawmakers in their confidence in her leadership of the party, winning 200 of the 317 votes. Coming back from a 20-month low this week, sterling dipped 0.1 percent to $1.2614 after having ended 1.1 percent higher after the vote. The euro last traded at $1.1367 having gained half a percent the previous session.