Asian shares made guarded gains on Tuesday amid optimism about prospects for a S...
after Prime Minister Boris Johnson failed to get a vote on his Brexit deal and will try again on Tuesday to get the first stage of a withdrawal bill through Parliament.
“If the House of Commons vote in favour of the deal, GBP/USD could rally towards $1.3500 over the medium term. The UK would then enter a transition period that lasts until 31 December 2020,” said Kim Mundy, a currency strategist at CBA. “If the Commons rejects the deal, GBP/USD will likely stabilise around $1.2800, because the risk of a hard Brexit will remain low,” he added. “Early UK general elections would be the next most logical way forward.”as CBC TV predicted the ruling Liberal government of Justin Trudeau had won re-election but with a minority government.Oil prices were little moved as the market fretted about the health of the global economy and the future for energy demand.
Brent crude LCOc1 futures were down 2 cents at $58.94, while U.S. crude CLc1 added 4 cents to $53.35 a barrel.
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