Pound holds steady ahead of Plan B presentation

Prime Minister Theresa May is set to present next steps in the Brexit process today at 3:30 pm GMT in the UK parliament. The need to develop a “Plan B” resulted from tremendous defeat the Withdrawal Agreement suffered during House of Commons vote last Tuesday. While it is unknown what May will present, the odds suggest that any kind of solution is likely to be humiliated during parliamentary vote on 29 January. GBPUSD trades flat ahead of the presentation.

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Morning wrap
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