Pound rises following UK court’s Brexit ruling
The UK High Court ruled that the government needs parliamentary approval before it triggers Article 50
Sterling rose on November 3 after the High Court ruled that the UK government needs parliamentary approval to notify Brussels of the country's intention to leave the European Union.
The pound, which opened in London at $1.2298, rose more than 1% right after the ruling was announced to $1.2450. Sterling was also stronger against the euro at £0.9024, some 1.3% higher than at the opening.
UK government bonds rallied following the ruling, with the 10-year bond yield falling 0.017 percentage point to
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