Yesterday evening, MP’s voted to take control of Brexit. This paves the way for a set of indicative votes on Wednesday, which will look at alternatives to the Prime Ministers deal. The pound has strengthened moderately in reaction to this news.
Sterling was steady yesterday, helped by a weaker dollar and talks of a third ‘meaningful’ vote. It is not clear yet if or when the vote will take place, however, the PM is still committed to getting her deal through. She said yesterday that there is not enough support for her deal yet to win the vote. This begs the question – will there ever be enough support?
The DUP remain unchanged on their position towards the deal, stating that they will not support it. Sammy Wilson, the DUP’s Brexit spokesman, accused May of using the Irish border as an excuse for failing to deliver Brexit.
The pound had suffered early yesterday after the EU said that a no-deal Brexit is ‘increasingly likely’. EU officials added that European companies had told Brussels that they would prefer a no-deal outcome soon, rather than prolonged uncertainty.
