There are now just 59 days until Brexit and I have absolutely no idea what will happen next. MPs will vote on Theresa May’s Brexit deal tonight, as well as several amendments – although exactly which of those tabled will be considered is the decision of one man. Labour looked set to whip MPs to support Cooper’s amendment that would prevent a no-deal Brexit, but now it looks like they won’t. Hopefully we will get some more clarity tonight although I won’t hold my breath.
There are no economic data releases on the schedule today, but that’s perhaps just as well given that we have one of the most important Brexit-related days ahead of us. Parliament will meet to vote on Theresa May’s Brexit deal and, although it is likely to be heavily defeated again, it will be interesting to see which amendments are passed.
There is a suspicion that the UK is heading for a softer Brexit than previously thought, with many people hopeful that a no-deal Brexit will be avoided. Tonight’s result could go some way to confirming that which would certainly support sterling’s recent moves.