The Pound is “hero of the day” again. Overview for 27.02.2019

GBPUSD is trading close to its five months highs and waiting for the Brexit vote results.

On Wednesday, the British Pound remains one of the key figures on the currency market – investors has been very active here. The current quote for the instrument is 1.3238.

The Pound is so positive due to reduction of concerns that the Brexit may start without an agreement with the European Union. In addition to that, market players are still taking into account that fact that the Labor Party may offer to discuss the second popular referendum. 

Today is the zero hour. The House of Commons of the United Kingdom either will vote on the revised Brexit agreement or provide an opportunity to the Parliament to vote on other alternative drafts. We told about it yesterday. No one really knows whether the agreement was changed or not, and if yes, what amendments were introduced. Previous votes on the agreement with the European Union failed, but the British Prime Minister Theresa May remained confident that the decision would be found.

May still has a little time to approve the deal. According to a new schedule, the next vote on the Brexit agreement will take place on March 12th, then – March 13th in case the previous one is unsuccessful, another one – March 14th, and so on and so on.