Theresa May has announced that she will be holding another vote on the Brexit implementation bill for MPs in June. This will go ahead regardless of whether an agreement has been reached between the Government and the Labour party. It will also be the fourth time that she has asked MPs to vote on the kind of Brexit that they want. The pound is choppy today as a result.
Sterling hit a two week low yesterday as UK labour data was released, showing that wage growth at the end of March was lower than expected. Wages had slowed to 3.2% which fell short of the 3.4% prediction. It also showed a significant drop for the previous reading of 3.5%.
This reading could signal broader issues for the wider economy. Analysts have also said that any further data showing drops in wage growth and employment numbers could be a sign that Brexit uncertainty has hurt businesses.
