{"id":140178,"date":"2019-01-15T12:53:30","date_gmt":"2019-01-15T17:53:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140178"},"modified":"2019-01-15T18:17:43","modified_gmt":"2019-01-15T23:17:43","slug":"sterling-jittery-ahead-of-brexit-vote","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/sterling-jittery-ahead-of-brexit-vote\/","title":{"rendered":"Sterling jittery ahead of Brexit vote"},"content":{"rendered":"<div id=\"inves-4143459702\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 15, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>There was suspense was in the air today as anticipation mounted ahead of the \u201cmeaningful vote\u201d on Theresa May\u2019s Brexit deal later this evening.<\/p>\n<p>With speculation rife over May\u2019s deal facing defeat in the House of Commons, investors are likely to be more concerned with the margin of loss to determine what could happen next. An outcome where the Prime Minister loses by less than 100 votes could offer the government a lifeline to pass an amended Brexit deal through parliament on the second try. However, if May experiences a crushing defeat, this opens doors to Labour triggering a vote of confidence, an extension of Article 50, May seeking further concessions from the European Union, a snap election and in extreme scenarios a second referendum.<\/p>\n<p>Market sentiment will most likely receive a solid boost if May unexpectedly wins the meaningful vote while a narrow loss is seen removing some uncertainty. A heavy defeat of May\u2019s Brexit deal will negatively impact risk sentiment and severely punish Sterling.<\/p>\n<p>In regards to the technical picture, the GBPUSD\u2019s outlook hangs on what happens after the \u201cmeaningful vote\u201d this evening. Although the outcome remains uncertain, it will certainly have a profound impact on the British Pound. Technical traders will continue to closely observe how the GBPUSD behaves within 1.2920 \u2013 1.2700 trading band.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/gbpusddaily_557.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime There was suspense was in the air today as anticipation mounted ahead of the \u201cmeaningful vote\u201d on Theresa May\u2019s Brexit deal later this evening. With speculation rife over May\u2019s deal facing defeat in the House of Commons, investors are likely to be more concerned with the margin of loss to determine what [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140178","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=140178"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140178\/revisions"}],"predecessor-version":[{"id":140180,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140178\/revisions\/140180"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}