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  • Here's why traders are bracing for a volatile British pound ahead of vote on May's Brexit plan

    From marketwatch.com

    British pound traders are gearing up for a potentially volatile week as U.K. Prime Minister Theresa May finally brings her Brexit deal with the European Union to a vote in Parliament on Tuesday. May was initially meant to submit her controversial plan, which is deeply unpopular within her own Conservative party, to a vote in December, but postponed it in order to avoid defeat. Market participants remain skeptical that May will prevail. We expect a majority of MPs to vote against Theresa Mays Brexit deal on Tuesday, said UniCredit analysts Kathrin Goretzki and Daniel Vernazza, though they do not expect to see an immediate major reaction ... (full story)