Posted: Feb 20, 2010 5:00
Sterling tumbles 170 pips or 0.93% to $1.2605 on PM May's decision to delay Tuesday's crucial Brexit vote in Parliament. May will address Parliament in a speech at 15:30 GMT/London. The gravity of the situation is highlighted by the unwillingness of the DUP and EU to renegotiate the Brexit Withdrawal Agreement as well as the low popularity of the vote. Japanese GDP was revised lower in early-week trading. The USDCHF Premium short was closed for 140 pip gain.