Sterling extended gains on Tuesday while eurozone stocks tumbled after Britain&#...
tumbled on the back of a stronger pound. Against the euro EURGBP=D3, the pound rose 0.3% on the day to 88.06 pence.
British gilt yields rose following the decision, dragging safe-haven German bond yields DE10YT=RR higher.British government bond futures FLGcv1 fell to a session low of 133.12, down 60 ticks on the day, while 10-year gilt yields GB10YT=RR rose 3 basis points on the day to 0.585%. “This is a win for the pro-remain side and suggests it will be harder for the government to push a no-deal brexit before the end of October,” said Chris Graham, senior economist at Standard Chartered Bank in London.hit its day low as sterling rallied after the ruling. A JPMorgan's index tracking UK stocks .JPDEUKDM> that make their revenue at home hit their day highs on the news.
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