Asian stock markets, led by Japan, are in positive territory on Friday amid optimism that U.S.-China trade tensions may ease after the Wall Street Journal said the U.S. is considering lifting tariffs on Chinese goods.
Asia Pacific shares gave up early gains on Thursday despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote.
British lawmakers rejected Prime Minister Theresa May’s Brexit deal by a wide margin Tuesday. GBP fell against its US counterpart to lows of 1.2668 in a knee jerk reaction, though swiftly pared back losses to move towards flat for the day.
Today is likely to bring with it robust market movement, particularly in the GBP/USD market. Three possible outcomes to today’s Brexit vote are: UK PM May wins, the PM loses by a narrow margin and the PM loses by a wide margin.
UK Prime Minister Theresa May brings her Brexit deal to Parliament knowing that she faces almost certain defeat in a vote that could mean weeks of perilous political brinkmanship for Britain.
