Business groups have welcomed Parliament voting to seek a delay to Brexit.

But the CBI said that without a “radically new approach” to Brexit, a delay was only “a stay of execution”.

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

The latest vote came after MPs rejected Theresa May’s withdrawal agreement for the second time and then ruled out a no-deal Brexit.

However, business groups remained sceptical about the Brexit process.

Josh Hardie, CBI deputy

Read More At Article Source | Article Attribution