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LONDON, Nov 3 (Reuters) - England’s High Court ruled on Thursday that theBritish governmentrequires parliamentary approval to trigger the process of exiting the European Union, a major upset for Prime Minister Theresa May’s plans forBrexit.

Sterling rose on the news, with many investors taking the view that lawmakers would temper thegovernment’s policies and make an economically disruptive “hardBrexit” less likely.

The court said it had granted the government permission to appeal against the ruling before the Supreme Court, which has set aside Dec. 5-8 to deal with the matter.    READ MORE