PM May Offers a Chance for Second Referendum in New Brexit Deal

May's "new deal" offers the Parliament a chance to consider holding a second referendum on exiting the EU

Lat me explain again that we need a Brexit deal

Things are turning desperate for British PM Theresa May. Ahead of the fourth vote on the Brexit deal in Parliament, May has reportedly reached out to Opposition leader Jeremy Corbyn requesting his support for her latest version of the deal.

May’s “new deal” offers the Parliament a chance to consider holding a second referendum on exiting the EU as well. Despite May’s claims of “significant further changes”, several policymakers have already refused to vote on the Brexit deal when it comes up in Parliament during early June.

As Brexit uncertainty increases, JPMorgan has hiked the probability of a no-deal Brexit to 25%, up from 15% previously. The investment bank is anticipating that Boris Johnson could replace Theresa May as PM, following which the UK could head into general elections, which could subsequently delay Brexit beyond the October 31 deadline.

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.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers