LONDON: The British pound see-sawed on Monday as traders jockeyed for position on the eve of another critical parliamentary vote for Prime Minister Theresa May.
As British MPs prepare to vote again on the divorce deal on Tuesday, the prime minister appears to have little to show for her recent efforts, prompting warnings of another humiliating defeat. "Though the Prime Minister is still valiantly trying to negotiate some last minute changes with the EU, she is neither making progress in Brussels nor at home," said City Index analyst Fiona Cincotta.
World stock markets meanwhile clocked up gains on Monday, including London although the FTSE was held back somewhat by sterling's rebound."Global stocks are climbing at the start of the week, after reassuring comments from Fed Chair Powell and on signs that the US and China are nearing a trade deal," said Dean Popplewell at OANDA.
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