Pound's trajectory far clearer than outlook on Theresa May's Brexit deal

The pound has climbed around 4% this year, making it the best-performing major currency

As the UK’s Parliament finds itself deadlocked over Brexit, its currency may finally be starting to wriggle free.

Pressure on the pound should ease as the political outcomes seen as most likely in the next week will cut the odds of Britain crashing of the European Union without a deal this month. Lawmakers will need to back Prime Minister Theresa May’s deal or the process of leaving the bloc would have to be extended.

“It’s quite clear now that Parliament doesn’t want a no-deal,” Mike Bell, a money manager at JPMorgan Asset Management, told Bloomberg Television Friday. “If you saw a long