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CBI: Brexit delay 'could only be a stay of execution'

CBI: Brexit delay 'could only be a stay of execution'

  • 14 March 2019
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  • Brexit
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A vote in Parliament to seek a delay to Brexit could only be "a stay of execution", according to business group the CBI.

Industry bodies saw a glimmer of hope in the vote, but said the UK could still crash out of the EU with no deal.

The British Chambers of Commerce added that it "leaves firms with no real clarity on the future."

The pound fell a third of a cent against the dollar immediately following the vote.

The fall follows a climb to nine-month highs against the US dollar and a nearly two-year high against the euro after a vote on Wednesday.

Currency: Pound vs dollar