National

The British pound has barely moved on major Brexit headlines over the past week, holding between $1.30 and $1.32 against the dollar. 

Details: On Wednesday, it edged up just 0.2% during North American trading hours after Parliament approved a cross-party bill to block a no-deal Brexit by a single vote, an outcome many feared could lead to mass instability in Britain and Europe.

Sterling last stood just shy of $1.32, up 0.1% on the day.

Flashback: As I wrote back in January, the market has long priced out the risk of a no-deal Brexit and continues to trade right around where it was right after the June 2016 referendum.

British pound barely moves on major Brexit headlines over the past week

It held $1.30 and $1.32 against the dollar.

Theresa May speaking at a press conference. Someone streams it on their phone

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The British pound has barely moved on major Brexit headlines over the past week, holding between $1.30 and $1.32 against the dollar. Details: On Wednesday, it edged up just 0.2% during North American trading hours after Parliament approved a cross-party bill to <a class="gtmContentClick" data-vars-link-text="block a no-deal Brexit" data-vars-click-url="https://link.mail.bloombergbusiness.com/click/16472755.55803/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2xpdmUtYmxvZy8yMDE5LTA0LTAzL3Utay1wYXJsaWFtZW50LXZvdGVzLW9uLXByZXZlbnRpbmctbm8tZGVhbC1icmV4aXQ_Y21waWQ9QkJEMDQwNDE5X01LVCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0xOTA0MDQmdXRtX2NhbXBhaWduPW1hcmtldHNhc2lh/5c1bb756f543e66e97730d16B7ec884cc" data-vars-content-id="14637579-195b-4c6a-8e82-898211e789b0" data-vars-headline="British pound barely moves on major Brexit headlines over the past week" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://link.mail.bloombergbusiness.com/click/16472755.55803/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2xpdmUtYmxvZy8yMDE5LTA0LTAzL3Utay1wYXJsaWFtZW50LXZvdGVzLW9uLXByZXZlbnRpbmctbm8tZGVhbC1icmV4aXQ_Y21waWQ9QkJEMDQwNDE5X01LVCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0xOTA0MDQmdXRtX2NhbXBhaWduPW1hcmtldHNhc2lh/5c1bb756f543e66e97730d16B7ec884cc" target="_blank">block a no-deal Brexit</a> by a single vote, an outcome many feared could lead to mass instability in Britain and Europe.

China is becoming the most formidable rival America has faced, and the risk of confrontation with Russia, North Korea or Iran still looms. Authoritarians are rising, the chaotic Afghanistan exit revealed the limits of U.S. power, and the pandemic, climate change and other critical challenges continue to pose grave threats.

British pound barely moves on major Brexit headlines over the past week

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