UK: Labour’s McDonnell says Labour will vote against no-deal Brexit

British Labour Party politician John McDonnell recently crossed the wires announced that the Labour Party will vote against the no-deal Brexit. McDonnell further added that the party is planning to back the amendment on the Brexit referendum and that there weren't many Labour MPs who would support PM May's Brexit deal. The pound sterling, which was already under a renewed bearish pressure, extended its losses on these remarks.