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Jan 07 - 07:24 AM
GBP/USD - COMMENT-Sterling Could Be In For A Blue Tuesday Next Week
First appeared on eFXplus on Jan 07 - 05:10 AM

Sterling's January mood could take a turn for the worse if MPs reject PM Theresa May's Brexit deal next week.
The vote will be held on Tuesday, Jan.
15, according to a BBC report nL9N1WY01C.
On Sunday, May said Britain would be in "uncharted territory" if her Brexit deal is rejected nL8N1Z607B.
Bookmakers odds suggest "uncharted territory" looks likely: William Hill quotes 2/1 for the withdrawal agreement to be approved by the UK parliament before March 30 (2/1 = odds against).
Ahead of Wednesday's slated resumption of the debate on the withdrawal agreement, 209 of Britain's 650 MPs have signed a letter to the PM urging her to rule out a no-deal Brexit, according to reports.
The pound would benefit if a no-deal Brexit could be ruled out, although getting to that point would be tricky -- the government has previously said that if the withdrawal agreement is rejected, Britain will leave the EU without a deal on March 29 nL8N1Z603R.
Related comments: nL1N1Z2038 nL1N1YQ07A

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Source:
Thomson Reuters IFR Markets

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