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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 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.