Brexit has reached a critical period and traders are betting on whether sterling will sink or swim
One forecast from Japanese investment bank Nomura suggests the pound could jump approximately 6 percent on that vote to 1.36 against the dollar. The U.K. Parliament is likely to vote on the withdrawal deal — the 585-page document detailing the U.K.'s departure from the EU — on December 11. The next few weeks will likely define the Brexit process as a whole, with Prime Minister Theresa May heading for a showdown with the country's lawmakers at a parliamentary vote.