Pound traders are losing faith that U.K. Prime Minister Theresa May can get a Brexit deal with the European .
The U.K. currency fell for a third week on Friday, paring this year’s advance, highlighting the growing pessimism in markets that shrouds Britain’s exit from the EU. May suffered another Parliamentary defeat Thursday and could have just two weeks to reach a compromise with the bloc and secure domestic backing before British lawmakers could wrest control of the process from her in a vote proposed for Feb. 27.
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