Prime Minister Theresa May’s withdrawal deal was rejected on Friday afternoon by 286 to 344 votes. The pound weakened as a result, prompted by further uncertainty with regards to Brexit. Today, however, it has strengthened slightly – perhaps in anticipation of the indicative votes, which will take place later today.
It could be said that a no-deal scenario is looking more likely now, a possibility which won’t fare well for sterling. Parliament only have until the 12th of April to decide on an approach that works for everyone – so it’s safe to say that the clock really is ticking.
Today, MPs will vote on an amended list of Brexit options, after none received a majority last week. These votes are not legally binding, however they could now have a huge influence on the kind of Brexit that we’ll eventually get.
