On Tuesday after the prime minister of the United Kingdom remained in power by defeating the no-confidence vote, the GBP remained stable. May shortly after encouraged other party heads to come to the table and attempt to crack the deadlock on a Brexit withdrawal agreement that was previously rejected by the parliament. Yukio Ishizuki, senior currency strategist at Daiwa Securities said “It’s unlikely there will be big changes to May's plan, so parliament is likely to oppose it as well."
GBP was at 88.40 pence per euro, hanging close to almost a 49 day top of 88.36 reached through the earlier trading session.
EU market focus on Brexit
Daily Analysis - 17/01/2019