LONDON MARKETS: British Pound Steady Ahead Of Vote On Brexit Deal Called 'too Close To Call'

Date : 10/18/2019 @ 1:39PM
Source : Dow Jones News
Stock : Intercontinental Hotels Group Plc (IHG)
Quote : 4779.0  -5.5 (-0.11%) @ 4:35PM

LONDON MARKETS: British Pound Steady Ahead Of Vote On Brexit Deal Called 'too Close To Call'

Intercontinental Hotels (LSE:IHG)
Historical Stock Chart

1 Month : From Oct 2019 to Nov 2019

Click Here for more Intercontinental Hotels Charts.

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.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.