Here's why traders are bracing for a volatile British pound ahead of vote on May's Brexit plan
From marketwatch.com
British pound traders are gearing up for a potentially volatile week as U.K. Prime Minister Theresa May finally brings her Brexit deal with the European Union to a vote in Parliament on Tuesday. May was initially meant to submit her controversial plan, which is deeply unpopular within her own Conservative party, to a vote in December, but postponed it in order to avoid defeat. Market participants remain skeptical that May will prevail. “We expect a majority of MPs to vote against Theresa May’s Brexit deal on Tuesday,” said UniCredit analysts Kathrin Goretzki and Daniel Vernazza, though they “do not expect to see an ...
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