Pound Set for Best Day Since 2008 After May’s Brexit Statement
- May promises U.K. parliament vote on her final Brexit deal
- U.K. currency rebounds from lowest level since October
Best Day for British Pound Since 2008
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The pound climbed against the dollar, set for its biggest advance since the global financial crisis, as Prime Minister Theresa May said U.K. lawmakers will get a vote on the final deal for an exit from the trading bloc.
The currency strengthened against all major counterparts as May made the announcement in a speech laying out the government’s Brexit strategy, which involves pulling out of the EU’s single market. Sterling is rebounding from Monday’s biggest decline in a month that came after the Sunday Times reported the main substance of May’s speech without the additional detail on the parliamentary vote.