GBPINR trading range for the day is 84.45-85.6. GBP pared gains after the U.K.’s Supreme Court ruled that the government can’t trigger the Article 50 that starts the Brexit process without approval from parliament.
The court also said PM May won’t have to ask the devolved governments Scotland, Northern Ireland and Wales before kicking off the exit negotiations. The U.K. economy is set to undergo a fairly gradual dip and recover over the coming four years as the country is set to initiate steps to leave the EU this year.
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