LONDON MARKETS: British Pound Steady Ahead Of Vote On Brexit Deal Called 'too Close To Call'
October 18 2019 - 9:39AM
Dow Jones News
By Steve Goldstein, MarketWatch
Brexit may be delayed again if vote fails to pass
The British pound was nearly steady Friday ahead of Parliament's
knife-edge's vote on the Brexit deal agreed by U.K. Prime Minister
Boris Johnson and the European Union.
The pound traded hands at $1.2873, versus $1.2890 late
Thursday.
Analysts at Citi said the vote, scheduled for Saturday, was too
close to call. "Compared to the 286 MPs who voted for a deal in
March, we think around 313 are lining up to vote for it this time
around, 5 short of what we think would be a majority but well
within the range of further plausible changes in support," the
analysts said in a note to clients.
Also read:Johnson returns to London to drum up support for
Brexit deal
(http://www.marketwatch.com/story/johnson-returns-to-london-to-drum-up-support-for-brexit-deal-2019-10-18)
Also read:Hard-line U.K. conservative says Johnson pact could
still result in no-deal EU exit
(http://www.marketwatch.com/story/hard-line-uk-conservative-says-johnson-pact-could-still-result-in-no-deal-eu-exit-2019-10-18)
The FTSE 100 weakened 0.03% to 7180.18.
Besides Brexit news, InterContinental Hotels (IHG.LN) fell 3% as
the hotel chain said comparable revenue per available room fell
0.8% in the third quarter. Tougher trading conditions in the U.S.
and China, and ongoing unrest in the Hong Kong, weighed on the
company.
(END) Dow Jones Newswires
October 18, 2019 09:24 ET (13:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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