INVESTORS ARE STAYING CAUTIOUS ON BORIS JOHNSON’S BREXIT DEAL FATE

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All attention at the moment is focused on whether Boris Johnson will be able to get the 320 or so votes that he needs to pass his deal tomorrow. Many people have been looking at the numbers, but at the moment there is no consensus yet as to whether or not Johnson can win – mostly because some MPs will not declare how they will vote until the last moment.

Johnson’s predecessor Theresa May, saw her own Brexit deal rejected by Parliament three times, eventually toppling her leadership. Pulling it off would pave the way for an end to the political drama that has roiled U.K. markets for the past three years, while a rejection would open up the prospect of an imminent election or even a no-deal Brexit.

“You could see a 3% gain in sterling or a 3% loss depending how this vote goes,” said Marvin Barth, head of currency research at Barclays Plc, in an interview with Bloomberg Television. “We’re all just going to wait on the edge of our seats.

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