The pound has weakened this morning after the Prime Minister revealed her new plan for leaving the EU. Prior to the speech, sterling soared on hopes that she would announce a possible second referendum, but soon dropped as she revealed her revised plan.
The plan does include new terms such as a Commons vote on another referendum and a customs ‘compromise’ – however these can only take place if Parliament back her withdrawal bill. Evidently, the withdrawal bill itself is exactly the same is it was before.
The vote at the beginning of June is widely seen as the very last chance for May to get her deal through. However, Labour, the DUP and many Conservatives have so far shown opposition towards it. The DUP have said that it is “fundamentally flawed”. May will make the case for her new plan in Parliament later today.
