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The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension to the March 29 Brexit deadline, putting further uncertainty into the UK’s exit from the EU. However, the news sent the British pound surging.
The eurozone’s industrial production figures improved as activity expanded at a pace of 1.4% on a month over month basis in January. This beat expectations of a 1.0% increase. And, the January’s gains reversed the declines of 0.8% in December.
Data from the U.S. showed core durable goods orders falling 0.1% against estimates of a 0.1% increase. Meanwhile, headline durable goods orders rose 0.4% against estimates of a 0.5% decline. The durable goods orders rose for a third consecutive month in January. But, the pace of increase was slower compared to that of December at 1.3%.
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