Home » Currency Note » Currency Note » Currency Note GBP » GBP: Theresa May delays meaningful vote again

Over the weekend, Theresa May confirmed that she would be delaying the meaningful vote again because her negotiating team still have some details to agree with EU leaders. The news was met with dismay from MPs from all parties, with the Prime Minister promising that the vote will be held by 12 March – a little over two weeks after the UK is set to exit the EU.

May said that she will stay on as PM despite pressure to consider her position. This Wednesday, MPs will be offered the chance to vote to further bind May’s hands and prevent a no-deal Brexit. It will be interesting to see whether article 50 is extended, particularly given how much there is still to do and how little time there is to do it.

It is a quiet start to the week for economic data, but tomorrow we will see UK finance mortgage approvals for January. On Thursday, we will have the Gfk consumer confidence report for February, as well as the Nationwide housing prices for the same month.

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