Comments by UK trade minister Liam Fox

  • MPs need to make their own decision on the vote
  • But they need to compare this deal against the alternatives
  • No-deal Brexit wouldn't be a disaster

I reckon businesses and consumers are just tired of the whole saga and would rather see an end to the uncertainty that has been eating at the economy for the past two years. May's chances of winning the meaningful vote isn't likely at this point still, but the fact that she hasn't been ruled out entirely is what could make for a real sucker punch for pound bears if MPs start to side with her instead.

GBP/USD holds a little lower on the day at 1.2780 but still stuck in a narrow range. EUR/GBP now at 0.8903 near the lows but also sitting in a tight range so far.