The pound jumped to a five month high against the dollar yesterday as the UK and EU announced that a Brexit deal had been reached. The pound also rose against the euro, however soon lost its gains as the DUP made it clear that they wouldn’t support the deal. They said that the plans “are not beneficial to the economic well-being of Northern Ireland and undermine the integrity of the union.”
The deal still needs the approval of the UK parliament to take effect. The House of Commons will convene on Saturday to vote on the deal, and it is likely to be very close. Today, Boris Johnson will try to persuade MPs to back his deal, and is expected to focus his attention on both Labour MPs from Leave constituencies and Conservative MPs who were expelled from the party. Johnson said that he is “very confident” that MPs will vote for a deal once they have studied it.
If everyone turns up tomorrow, the deal will need 320 votes to pass through Parliament. There are currently 287 voting Conservative MPs, so Johnson will need votes from elsewhere to make up the numbers.
