Last night the U.K. Parliament voted to take control of the Brexit process as a means to find a way out of the current deadlock the country finds itself in after Theresa May’s Brexit deal was rejected by parliament twice.
A series of votes on alternative strategies are now to be scheduled. These votes could circle around the options of a potential second referendum and the chance to give the British people the opportunity to decide, once more, if they should leave or stay within the European Union, the option for the U.K. to leave the European Union without a deal and the canceling Brexit altogether.
Other events that may shape the fate of Brexit yesterday, was that three ministers resigned.
After these events, the market saw a rise in the Pound this morning. The currency gained nearly 40 pips to 1.3220.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.