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Pound Could Flop If May Loses by More Than 100 Votes, Analysts Say
The pound may manage to hold its ground if Theresa May’s Brexit deal is defeated in Parliament by 100 votes or less, as the market would then eye the odds of the prime minister seeking a second vote, analysts say. The U.K. premier’s widely unpopular pact with the European Union will face the House of Commons Tuesday, where she will need a majority of lawmakers to vote favorably for the agreement to be approved. A loss by more than 100 votes could raise risks -- including that of a leadership challenge by the opposition and of a subsequent election -- that would send sterling lower. Below is a compilation of ... (full story)
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