PM May/UK parliament Brexit showdown on December 11th


As reported by Bloomberg, the UK's Prime Minister Theresa May is set to face-off against her own hostile parliament when the House of Commons votes on her current Brexit deal on December 11th.

Key quotes

The vote will mark the moment when British politicians decide whether to accept the contentious divorce terms May has struck with the European Union -- or put the country on course to crash out of the bloc with no agreement in place.

“There is a choice which this House will have to make,” May told the Commons. “We can back this deal, deliver on the vote of the referendum and move on to building a brighter future of opportunity and prosperity for all our people. Or this House can choose to reject this deal and go back to square one,” she said.

May got a taste of how difficult her task will be. A succession of Conservatives warned her they will not back her plan. Without an automatic majority in Parliament, May needs every vote she can get.

“No sooner is the ink dry than the Spanish are after Gibraltar and the French are after our fish,” Conservative Mark Francois said as he called May’s deal a “surrender.” The prime minister “knows the mathematics” in Parliament, he said. “The deal will never get through.”

May has launched a national campaign and is embarking on a U.K.-wide tour to win support for the agreement. The deal, which took 17 months of negotiations to finalize, offers to keep Britain closely tied to EU rules to allow for smooth trade with the bloc after Brexit.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD clings to recovery gains near 1.0850 ahead of Fedspeak

EUR/USD clings to recovery gains near 1.0850 ahead of Fedspeak

EUR/USD trades in positive territory near 1.0850 on Friday following a four-day slide. China's stimulus optimism and a broad US Dollar correction help the pair retrace the dovish ECB decision-induced decline. All eyes remain on the Fedspeak. 

EUR/USD News
GBP/USD pares UK data-led gains at around 1.3050

GBP/USD pares UK data-led gains at around 1.3050

GBP/USD is trading at around 1.3050 in the second half of the day on Friday, supported by upbeat UK Retail Sales data and a pullback seen in the US Dollar. Later in the day, comments from Federal Reserve officials will be scrutinized by market participants.

GBP/USD News
Gold at new record peaks above $2,700 on increased prospects of global easing

Gold at new record peaks above $2,700 on increased prospects of global easing

Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Growing prospects of a globally low interest rate environment boost the yellow metal.

Gold News
Crypto ETF adoption should pick up pace despite slow start, analysts say

Crypto ETF adoption should pick up pace despite slow start, analysts say

Big institutional investors are still wary of allocating funds in Bitcoin spot ETFs, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class.

Read more
Canada debates whether to supersize rate cuts

Canada debates whether to supersize rate cuts

A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures