What Happens if the Brexit Deal Gets Voted Down Again?

On Wednesday, the Pound touched a two-week low after having fallen 1% since May


Things are not looking so good for GBP/USD as long as Brexit remains unresolved. On Wednesday, the Pound touched a two-week low after having fallen 1% since May as investors worry about what could happen if Parliament fails to vote on the Brexit deal for a fourth time.

Cross-party talks have failed to deliver fruitful results so far and PM May’s deal comes back for a vote in the Parliament next month. On Tuesday, her spokesperson confirmed that the deal will be put to vote in the first week of June before summer begins.

Investors are also worried about all the stockpiling that has taken place in the previous months which have helped boost economic figures in Britain lately. The effect of the stockpiling of inventories will soon be felt in the coming months.

Will Theresa May finally hand in her resignation if Parliament votes down her Brexit deal once again?

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
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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