UK: Lawmakers reject motion to block no-deal Brexit, GBP/USD drops below 1.27

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British lawmakers have rejected the motion to seize the parliamentary time to try and prevent a no-deal Brexit, 309 vs 298. With the initial reaction, the GBP/USD pair came under strong bearish pressure and slumped below the 1.27 mark. As of writing, the pair was down 0.2% on the day at 1.2695. 

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