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Quick Updates on Brexit & Tuesday’s Parliamentary Vote

As you know, the UK Parliament is going to hold a Parliament Brexit Vote on Tuesday where MPs will pass their verdict on Prime Minister Theresa May’s plan to take Britain out of the European Union on 29 March.

According to recent updates:

  • PM May will most likely decide to change tomorrow’s vote from a meaningful one to a provisional one.
  • If she can produce a Commons majority for any particular deal on the backstop then the EU just might buckle and grant.
  • The UK Members of Parliament will be passing verdict on the deal Theresa May spent two years negotiating with the European Union.
  • On Sunday night, PM Theresa May talked to European Commission President Jean-Claude Juncker after discussions failed to find a breakthrough.
  • Discussions will recommence on Monday morning with the aim of ensuring changes to the deal before Tuesday’s vote. The UK is due to leave the EU on 29 March.

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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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