# Pound jumps after British minister raises prospect of Article 50 delay - EgyptToday

> Sterling rose as much as 0.5% to $1.2550 after Britain's justice minister said the government would have to delay Article 50 if May lost a no-confidence vote. The pound had earlier hit a 20-month low of $1.2477 after Conservative lawmakers triggered the no-confidence ballot.

- Date: 2018-12-12 · published 2018-12-12T12:00:00.000Z
- Category: geopolitics · region UK · magnitude low
- Page: https://feedsoft.ai/events/61820-pound-jumps-after-british-minister-raises-prospect-of-article-50-delay
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A possible delay to Brexit reduces the near-term risk of a disorderly no-deal exit, supporting sterling against the dollar. That lowers the dollar cost of UK-bound feed imports.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- egypttoday.com: https://www.egypttoday.com/Article/3/61811/Pound-jumps-after-British-minister-raises-prospect-of-Article-50

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.