Comments by UK Brexit secretary, Stephen Barclay
- Need Brexit deal to give business certainty
- If parliament rejects deal, we're in "uncharted waters"
- Alternative to a deal is no-deal outcome or no Brexit altogether
Very much a reiteration of current prevailing sentiment towards May's Brexit deal. It's an uphill battle for Theresa May and if the deal fails in the meaningful vote, the backlash on the pound will be rather substantial. GBP/USD now trades at 1.2826 slight higher on the day as the dollar struggles as risk sentiment improves. EUR/GBP sits near the highs at 0.8855 as the euro gains as Italy's government appears to be more conciliatory on the budget.
