Just when we thought Brexit couldn’t get more complicated, it did. The Speaker of the House of Commons John Bercow – always a controversial figure and widely seen as being anti-Brexit – caused genuine shock and outrage from the Government when he banned Theresa May from bringing her Withdrawal Agreement back to Parliament for a third vote, quoting precedent from 1604.
What isn’t at all clear is what this means for Brexit. Both “no deal” and “people’s vote” fans claimed it as victory. Currency traders clearly couldn’t decide which way to go, and while the pound fell slightly on the uncertainty, it clung on to the gains it has made in the past month.
While we await news on both the Withdrawal Agreement and the decision of the EU27 to extend Article 50, or not, a quiet start on the data front will warm up in the middle of the week.
With so much going on this week, it’s important to protect yourself from the adverse effects of the currency markets. Please do call your Personal Trader on 020 7898 0541 to discuss ways to protect your money.
