All eyes were on the British parliament in London last night, as MPs voted on eight different Brexit Options, all of which were rejected.
The one vote that was closer to a yes was that of a proposal to keep the U.K. in a customs union with the EU. The vote came to 272 against 264. This could be the starting point for further negotiations between lawmakers, who will return to parliament again on Monday for another round of votes.
Today’s agenda is that Theresa May, whose promise to step down as prime minister if MPs backed her Brexit deal was shot down, must decide if she will “bring her deal back for another vote and meet the EU’s Friday deadline for getting it passed,” according to Bloomberg.
The deadlock has now shown people that a deal is the only serious option, a member of the government said. “What we have seen today is Parliament does not have an option apart from the prime minister’s deal that is really a viable option for the future,” she said.
If May does not manage to get her deal through the House of Commons by Friday, the options left for the U.K. may be a long delay of Brexit or leaving the EU without a deal on April 12.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2022 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.