Pound euro exchange rate: GBP/EUR jumps as markets hope no-deal will be avoided

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This morning, following Theresa May’s defeat in the House of Commons the pound has risen by around 0.6 percent against the euro, and the pairing is currently trading at around €1.162. Last night, Prime Minister Theresa May’s EU withdrawal agreement was rejected in the Commons by 391 to 242 votes.
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