By Greg Smith on Monday, January 21st, 2019
in Market Insights
GBP – Plan ‘B’rexit On Tuesday, the House of Commons emphatically rejected Prime Minister May’s withdrawal bill by 230 votes. Mrs May’s government then narrowly survived a vote of ‘no confidence’ on Wednesday. With this, it seems that the Brexit process is no more certain. Today the Prime Minister will report back to parliament with her […]
By Greg Smith on Monday, January 14th, 2019
in Market Insights
GBP – Brexit withdrawal vote The focus this week is the Brexit withdrawal vote in the House of Commons, planned for tomorrow evening. Members of Parliament are expected to vote on any amendments before the key vote on the EU Withdrawal Agreement. The government lost two key votes last week, including an amendment which means that […]
By Greg Smith on Monday, January 7th, 2019
in Market Insights
GBP – Parliament start debate Parliament reconvenes today with the debate on the Withdrawal Act due to begin on Wednesday. The vote in the House of Commons is expected to take place on the 15th. In the meantime, Prime Minister May and her team continue to lobby members of parliament and other EU leaders to try […]
By Greg Smith on Wednesday, January 2nd, 2019
in Market Insights
Firstly, we would like to wish a Happy New Year and a prosperous and productive 2019 to all our readers! GBP – Focus back on Brexit debate Whilst we enjoyed a break over the Christmas period, a break from Brexit was particularly welcome. We return to the subject immediately as the House of Commons is due […]
By Greg Smith on Monday, December 17th, 2018
in Market Insights
GBP – Bank of England to hold rates Last week Prime Minister May delayed the House of Commons vote on the Brexit withdrawal deal as it clearly didn’t have enough support. She then won a leadership challenge from her back-benchers. Her next challenge is to renegotiate the withdrawal deal with an unwilling EU. Parliament is due […]
By Greg Smith on Monday, December 10th, 2018
in Market Insights
GBP – Key Brexit vote This week will be very significant for the Brexit process. The House of Commons will vote on the withdrawal agreement and political declaration on Tuesday evening. There has been speculation of delays to the Brexit vote, though these have been played down. The debate on Tuesday is due to finish around […]
By Greg Smith on Monday, December 3rd, 2018
in Market Insights
GBP – Parliament debates Brexit Parliamentary debates will be held ahead of the ‘meaningful’ vote on the withdrawal agreement on 11th December. There will be five days of debate by Parliament on the components of the agreement. They will take place tomorrow to Thursday and then Monday and Tuesday next week. Each debate in Parliament […]
By Greg Smith on Monday, November 26th, 2018
in Market Insights
GBP – May’s deal or no deal As expected, the EU approved the withdrawal agreement on Sunday. The focus will now move to the vote in the House of Commons. Prime Minister May has already appealed to the nation on the basis of the deal put forward. The vote is likely to be around the 12th […]
By Greg Smith on Monday, November 19th, 2018
in Market Insights
GBP – Will May stay? Last week was significant for Brexit developments. On Tuesday there was a withdrawal agreement accepted by the Cabinet despite some ministers expressing reservations. These reservations turned into resignations when Dominic Raab and Esther McVey resigned from the cabinet in protest at the proposed agreement. The following statement in the Commons by […]
By Greg Smith on Monday, November 12th, 2018
in Market Insights
GBP – PM May’s struggles continue Brexit negotiations remain the key focus for UK markets as hopes rose last week for a breakthrough. But with the resignation of another MP, Jo Johnson, it is clear that PM May still has a challenge ahead to find a deal that is acceptable to the EU and the […]