FTSE 100 has been enjoying a fine morning in Europe’s session as it trades 0.4% higher on the day. It seems that investors have found positives in the fact that for the first time majority of House of Commons’ members agreed to support PM Johnson’s Brexit deal.
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Although the Parliament didn’t ultimately support the proposed timetable from Johnson, which effectively meant that Brexit won’t happen by the end of this month, investors welcomed the results of the first vote when MPs approved Johnson’s Withdrawal Agreement Bill in the second reading (329 votes to 299).
“Most believe Brussels could go for another so-called ‘flextension’. The latest reports suggest this could set a new Brexit date in January or February 2020, but crucially allow that deadline to be brought forward if a deal is ratified by the UK Parliament”, ING’s analyst said.