Tag: May loss

Pound stands firm after May loss, London stocks edge up

HONG KONG, China (AFP) — The pound held its ground Wednesday and London’s FTSE opened higher after the record defeat of British Prime Minister Theresa May’s Brexit plan, as investors consider the next developments in the long-running saga. Sterling tanked to a near two-year low soon after the government’s proposal on leaving the European Union was soundly beaten Tuesday evening, but it soon bounced back as traders bet there would not be a “no-deal” exit. […]