The UK stocks are up modestly after the British Parliament voted to instruct the PM Johnson to send a letter to the EU asking for a three-month Brexit extension. The FTSE 100 is up nearly 23 points to 7173.4.
The uncertainty over Brexit is expected to continue to dominate the headlines on Monday as well as during the week ahead. Johnson is pushing to have a so-called “meaningful vote” on the Brexit deal he agreed last week. It’s up to Speaker John Bercow to decide whether to allow the vote to happen on Monday afternoon or no.
Furthermore, Goldman Sachs’s senior market analyst, Ipek Ozkardeskaya, says that Brexit uncertainties “could trigger volatility as that end-month deadline nears”.