The BBC's Laura Kuessberg said that the pro-Brexit European Research Group (ERG) has decided to abstain in today's votes in Parliament. The House of Commons debates motions regarding avoiding a no-deal Brexit. The abstention of the group led by Jacob Rees Mogg sets the government for a defeat. A defeat sends a signal to Brussels that the government is not in control.
GBP/USD dropped on the report, hitting a fresh one-month low of 1.2798 before bouncing back to just above 1.2800.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.