UK MPs Vote in Favor of a Brexit Delay, Markets in ‘Risk On’ Mode
Brexit remained on center stage, with UK MPs voting in favor of delaying the Brexit process. Nevertheless, sterling reacted little to the outcome, perhaps because it was widely anticipated. Now focus turns to a potential third “meaningful vote” on May’s deal, as well as the EU summit next week. Elsewhere, most equity markets traded in a risk-on mode, with Asian indices taking the steering wheel this morning, on optimism over the US-China trade negotiations.