Key vote ahead for GBPUSD

The GBPUSD sunk to a decade low of 1.1958 today in the morning and although the pound has managed to recover some of the losses traders remain anxious ahead of the busy evening. The UK parliament returns to work today and it will try to force the prime minister to seek brexit extension unless the deal is found. If the vote takes place today it is expected around 9-10pm BST (10-11pm CEST). If lawmakers are successful PM Johnson is believed to seek general elections but he needs 2/3 majority in the parliament to support such motion. Investors are likely to react in allergic way to elections as such scenario would increase a risk of no-deal Brexit.