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)
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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 (

Also read:Hard-line U.K. conservative says Johnson pact could still result in no-deal EU exit (

   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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