Brexit talks

  • With her Brexit deal defeated but a vote of no-confidence overcome, British Prime Minister Theresa May is in much the same position as she was at the start of the week.

 

  • Today she is in talks with some of her opponents to try to find a position on exiting the European Union that would command majority support in Parliament.

 

  • With just 10 weeks left to the exit date, HSBC Holdings Plc is now saying that they are more upbeat on sterling as the impasse suggests there may be no Brexit at all. Others are not taking the risk and are voting with their feet.

 

(Source: Bloomberg)