BREXIT LATEST – TALKING POINTS
Immediately’s motion in British Parliament targeted on the opportunity of the UK departing the European Union with out a Brexit deal. MPs voted on Caroline Spelman’s Modification A and Damian Inexperienced’s Modification F aiming to tailor the Prime Minister’s Brexit Withdrawal Settlement. PM Theresa Could’s decisive defeat yesterday when the second significant vote did not garner sufficient help for her renegotiated Brexit deal caused in the present day’s votes.
Modification A, which narrowly handed with 312 votes in favor and 308 in opposition to, rejects the UK leaving the EU with out a Withdrawal Settlement and a Framework for the Future Relationship. However, Modification F was voted down with 374 ‘noes’ and 164 ‘ayes’ which might have pushed for a 21-month transition interval for the UK to organize for a no-deal Brexit.
GBPUSD CURRENCY PRICE CHART: 1-MINUTE TIME FRAME (MARCH 13, 2019 INTRADAY)
The GBPUSD pushed increased instantly following the information as the chance of the UK crashing out of the EU with out a deal continues to dwindle. Though the outcomes of in the present day’s votes have been extensively anticipated, the following route of Brexit stays unclear. MPs will collect on the Home of Commons once more tomorrow for an additional vote to increase Article 50. This might successfully delay the March 29 Brexit date at present set as a deadline for the UK to separate from the EU.
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– Written by Wealthy Dvorak, Junior Analyst for DailyFX
– Comply with @RichDvorakFX on Twitter