Sterling hit a three month low yesterday and remains weak this morning as comments from various MPs confirmed that it’s unlikely that the Prime Minister’s Brexit deal will get through Parliament in June.
The Labour Party said that it would not support the deal if a compromise is not found in cross-party talks. This increased speculation that a leadership challenge could take place soon.
Both the DUP and Brexiter Tories have also said that they won’t be supporting the deal unless significant changes had been made, whilst the Liberal Democrats and Labour Party remainers have said that the bill will have to include a second referendum before they back it. The SNP have also said that they won’t be supporting the deal, with Ian Blackford stating that “there is no such thing as a good Brexit.”
Today, May is expected to meet senior Tory MPs who are demanding that she set a date for her departure from the role of Prime Minister. Current rules mean that there cannot be a leadership challenge until December.
