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Sterling is trading in red as the Parliament progresses from the exit agreement

2019-01-07 11:00 am | Resource: News | No Views : 173



 British pound fell against major currencies on Monday, with the exception of the US dollar, dragged down by pressure from the US government

Traders are waiting for the british doctrines following the postponement of British Prime Minister Theresa May's vote in parliament on the exit agreement after a trend emerged within parliament to reject the deal late last year.

British Parliament to vote on the Brexit Agreement on January 15

The UK parliament will vote on Britain's exit from Prime Minister Theresa May next week, the BBC quoted government sources as saying on Monday.

British lawmakers are due to begin discussing the withdrawal agreement this week and vote on what is expected on Jan. 15. The parliament had originally decided to vote on a British exit agreement from the European Union in the middle

December, but May postponed elections because of insufficient support agreement.

On the other hand, more than 200 MPs sent a letter to Mai calling on them to exclude the possibility of leaving the EU without any agreement.

According to the BBC. The prime minister is said to have called both pro-opposition legislators and the exit agreement for a meeting on Tuesday to discuss the issue.

Earlier, the EU insisted that it would not offer the UK another deal. If the May agreement was rejected, Britain would not emerge from the EU.

DUP: Support for Brexit as a "poison"

On the other hand, deputy leader of the Northern Irish Democratic Unionist Party Nigel Dodds described the support clause in British Prime Minister Teresa Mae's agreement on the withdrawal of Britain's exit from the European Union as the parliamentary vote on the deal approaches.

"Teresa Mae still insists that what she bargained for is a good deal, she has to remember that she would have already been deposited in the fund but withdrew it to vote in December," he said on Sunday.

Earlier, Mai reiterated that "the only way to honor the outcome of the referendum, job protection and security is to support the agreement on the table", where parliamentary vote on the proposal of the Brexit Convention is expected on 15 January.

Sterling Pound Trading

  • The British Pound was down against the Euro at 0.32% and the pair is trading at 0.89812.
  • The British Pound was also steady at 1.2734.
  • On the other hand, the pound retreated against the yen by 0.15% at 137.93.
  • Against the Australian Dollar, the Pound was down 0.17% at 1.7871.


Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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