British pound hits 9-month high after Parliament takes no-deal Brexit off table

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British pound hits 9-month high after Parliament takes no-deal Brexit off table
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The British pound extended gains in late New York trading hours Wednesday after the U.K. Parliament ruled out a no-deal exit from the European Union. The British pound GBPUSD, -0.0750% traded at $1.

3339 versus the dollar, up 2% on the day, to trade at its highest since June 13, according to Tullet Prebon data. The rise marked the largest one-day move since April 18, 2017, according to Dow Jones Market Data. The vote is seen as likely to eliminate the possibility of the U.K. leaving the EU without a deal governing its future relationship with the bloc -- the scenario that's widely been viewed as the worst-case for the U.K. economy.

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