UK: Parliamentary vote on Brexit motion in the limelight - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, UK Parliament today votes on Theresa May's latest Brexit motion, and this one that the House of Commons "reiterates its support for the approach to leaving the EU expressed by this House on 29 January 2019".

Key Quotes

“Rumours are swirling that hard-Brexiters might vote against the motion or abstain, as the 29 Jan approach includes a non-binding instruction to avoid no-deal Brexit. A loss would be non-binding on the government, and merely serve to highlight fractures within the party.”

“Ultimately, today's vote is aimed at simply buying May more time as a deal comes down to the line--we expect resolution only in the final 10 days of March. MPC member Vlieghe delivers a speech on the economic outlook at 9:30am GMT.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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