Finally, something good

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The chances for an orderly and reasonably quick resolution to the Brexit drama have gone up. 

In all the twists and turns of the ongoing Brexit drama, it is all too easy for market observers to overlook important turning points. Monday was one such moment. Parliament wrestled control of the Brexit process away from the government. The pound, a good indicator of market sentiment on Brexit, barely moved, rising a modest 0.2% against the dollar in the hours after. But there are good reasons to pay attention – and perhaps more so than to the latest thoughts from Jacob Rees-Mogg, a Brexiteer who did end up moving the pound too.