A spokesman for the opposition Labour Party has refused to rule out abstaining in the vote of the second reading of the EU Withdrawal Bill if there is no deal with the government. The Sun’s Tom Newton Dunn tweeted that the spokesman ruled out voting for the deal but refused to rule out abstaining no less than six times.
If Labour abstains, the accord may pass and the UK may eventually leave the European Union earlier than the current deadline, October 31st.
GBP/USD remains depressed on the sour mood in markets related to the crisis in trade talks between the US and China. The safe-haven US Dollar is gaining ground across the board. Hope for passing the Brexit deal may push the pound higher.
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