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The UK House of Commons voted in favour of legislation implementing the post-Brexit trade deal with the European Union, as reported by Reuters.

The legislation now moves to House of Lords for a debate and a vote, which is expected to take place later this evening. 

Market reaction

This development doesn’t seem to be having a significant on the British pound’s performance against its rivals as it was largely expected. As of writing, the GBP/USD pair was trading at 1.3583, gaining 0.62% on a daily basis.