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The pound's reaction to Theresa May huge defeat in the meaningful vote on her Brexit deal was muted on Wednesday, with investors and analysts trying to decipher the political runes for the best way to make a buck.
Berenberg downgraded Ashmore to 'hold' from 'buy' on Wednesday, trimming the price target to 413p from 425p as it sees "significantly" more upside elsewhere in the sector.
