GBP slips as MPs reject motion to rule out....>

FOREX: GBP slips as MPs reject motion to rule out No Deal Brexit

-Moves in G10 FX Wednesday were muted, with GBP the only currency to stage a

decisive move. GBP slipped lower, knocking GBP/USD back below the $1.27 mark as

MPs in the House of Commons rejected (narrowly) an opposition bill that would

have withdrawn the government's ability to force a No Deal Brexit. The news from

Parliament doesn't increase the likelihood of a disorderly UK withdrawal from

the EU, but won't prevent one for now. GBP/USD found support well ahead of the

Tuesday low, however, at $1.2670.

-The greenback recovered well off the early European lows, receiving a boost

late in the day as President Trump said he's considering sanctions to block the

Nord Stream 2 project which supplies Russian natural gas to Germany. The

comments pressed EUR/USD below the $1.13 handle and prompted AUD/USD to hit the

lowest levels since June 3rd. Any German or Russian response Thursday will be

carefully watched.

-Eurozone industrial production, weekly US jobless claims and a speech from PBoC

governor Yi Gnag in Shanghai are all due Thursday.