The Presidential Daily Brief


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    Sterling Stabilizes With Rumors of Brexit Vote

    Uncertainty’s no longer the problem. The pound has seen four days of losses, shrinking more than 5 percent against the dollar this month and hitting a new three-decade low yesterday, after U.K. Prime Minister Theresa May seemed prepared to go ahead with so-called “hard Brexit” negotiations that would likely take Britain out of Europe’s single market. But the currency rose more than 1.5 percent today on reports that Parliament, after a cross-party revolt, could be allowed to vote on the Brexit plan — an issue they’ll debate today.

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