The Trader 

Market Outlook: May’s deal delivers an historic defeat

The Trader

In the Commons yesterday Theresa May’s EU Brexit deal saw her party lose by a whopping 230 votes – the biggest defeat in post-war history. Unsurprisingly, Labour have tabled a vote of no confidence in her government even though they trail the Conservatives by 6 points in the latest opinion poll. Basically, a thoroughly bad deal cannot be supported. Ever helpful senior EU figures have come up with suggestions as to what Britain should do next. European Council President Donald Tusk said the only thing to do now is to reverse the decision to leave the EU. French President Macron said, ‘’no deal will hit UK hardest’’ and that no more concessions from the EU would be forthcoming. Sterling’s fairly steady, despite the media hype.

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