GBP – Commons defeat again Following the House of Commons defeat last week, we have learned very little. The Government’s latest motion was defeated but we know little more regarding the UK’s path to leaving the EU. The focus now shifts to the 26/27th February, when the Prime Minister is scheduled to announce her progress to MPs. There will be further debate and amendments for alternative courses of action. News headlines will again be closely watched. Sterling remains subdued following mixed economic data and more dovishness from the Bank of England. The probability of a 2019 BoE hike is now around
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