British pound recovers as today's vote opens door for a meaningful vote on no-deal

Eren Sengezer FXStreet

The British government got defeated in the Parliament today and lawmakers received more power over the next Brexit steps if Prime Minister Theresa May's Brexit deal gets voted down on December 11.

The initial reaction to this development allowed the GBP/USD pair to recover from 2018 low that was set at 1.2657 earlier today and the pair was last seen trading at 1.2715, down 0.06% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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