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gbpusd

May Brings Vote Forward

Brexit negotiations have once again swung into the spotlight. UK Prime Minister Theresa May has announced that she will put her Brexit deal before parliament in a vote in early June.

May has been engaged in cross-party talks with Labour over recent weeks. The talks are part of her battle to break the political deadlock preventing her from gaining backing for her deal.

The government added that should May’s deal be defeated in parliament once again, the country will face either a “no deal” Brexit scenario, or Article 50 being revoked.

May has so far suffered three defeats in parliament. In fact, her first loss marked the largest ever government defeat in the House of Commons. May has stated that if she is unsuccessful for a fourth time, there will be no fifth attempt.

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Cross Party Talks

Talks with the Labour party began shortly after the third parliamentary defeat. May’s s...


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