UK Govt Confidence Vote

The U.K. government led by Prime Minister Theresa May has survived a vote of no confidence. Lawmakers in the U.K.'s lower house of parliament, the House of Commons, voted to defeat the motion raised by the leader of the main opposition Labour party, Jeremy Corbyn, by 325 votes to 306. Immediately after the vote, May said her government would continue to work to deliver on Brexit and said it was their duty to find a way forward that was backed by the House. May was backed by members of the Northern Irish Democratic Unionist Party and ...

The British political system and the nation’s economy face unprecedented uncertainty, but you wouldn’t know it by looking at how calm markets are, in particular gold as there is little safe-haven demand in the face the ongoing Brexit ordeal. Although gold prices continue to hold within striking distance of critical resistance at $1,300 an ounce, it hasn’t found enough momentum to push through that barrier. February gold futures last traded at $1,293.70 an ounce, up 0.41% on the day. Jasper Lawler, head of research at London Capital ...