Home » Currency Note » Currency Note » Currency Note GBP » GBP: EU leaders agree Brexit deal but hard work remains

Theresa May will probably have allowed herself a brief sigh of relief yesterday, when EU leaders approved an agreement on the UK’s withdrawal and possible future relations. However, she will be aware that there is still a battle to get it through Parliament and, at present, it does not look as if it will get through on 12 December.

If it doesn’t, then Labour could well wait to see what May proposes and then table a vote of no-confidence in the hope of triggering a general election. There are growing calls for Labour to support a ‘people’s vote’ but the party is said to be keeping its options open at present.

Today begins with the UK finance mortgage approvals for October, while tomorrow we will see Nationwide housing prices for November. The week concludes with Friday’s Gfk consumer confidence reading for November, which is expected to drop to -11 from -10 in the previous period.

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