British lawmakers rejected Prime Minister Theresa May’s Brexit deal by a wide margin Tuesday. GBP fell against its US counterpart to lows of 1.2668 in a knee jerk reaction, though swiftly pared back losses to move towards flat for the day.
Tuesday 15th January: Sterling in focus as all eyes move to Brexit vote – market volatility expected.
Today is likely to bring with it robust market movement, particularly in the GBP/USD market. Three possible outcomes to today’s Brexit vote are: UK PM May wins, the PM loses by a narrow margin and the PM loses by a wide margin.