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Sterling on watch ahead of key Brexit vote

Published 01/15/2019, 03:28 AM
© Reuters.  Sterling on watch ahead of key Brexit vote
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  • Sterling its expected to steal the limelight later in the day as the U.K. parliament votes on Theresa May's Brexit deal.
  • The odds currently looked stacked against her, setting the stage for further political turmoil just 10 weeks before Britain's scheduled departure from the bloc.
  • While the scale of the expected defeat is unclear, it will be crucial to what happens next. Among the options are a Brexit extension, a general election, renegotiating a new proposal, a second Brexit referendum or leaving the EU with no deal on March 29.
  • The pound is trading 0.1% higher at $1.2877, while the FTSE 100 index is up 0.8% to 6,906.
  • ETFs: FXB, EWU, IRL, OTC:GBB, EIRL, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: Brexit: Will Labour Launch A Vote Of No Confidence?


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