Sterling remains steady today as traders are all holding their bets ahead of tomorrow’s crucial vote on the new Brexit withdrawal agreement. UK Prime Minister Boris Johnson will hold a cabinet meeting at 1500GMT in Downing Street today, in effort to secure support for the bill. At this point, there is no sign that Northern Ireland’s DUP is changing their stance against the plan. ERG chair is holding the cards on his chest. The group is due to meet tomorrow and make a recommendation but Guardian reported that most of the “Spartans” are likely to support. Labour MP John Mann has predicted that “more than nine” of his parliamentary colleagues will vote for Johnson’s deal
Financial Times predict that Johnson’s deal would be voted down by 318-321. The possible supporters include 259 Conservatives, 28 hardline Eurosceptic Conservatives, 20 independent Conservatives, 7 Labour rebels, 3 independents and 1 Lib Dem. The reported noted: “Analysis by the Financial Times suggests that unless the prime minister can persuade the DUP to drop its opposition, or persuade several Labour MPs or independent parliamentarians to support the deal, Mr Johnson will struggle to win a House of Commons majority.”
