the Vote is not legally binding, but adds a hard political pressure on the prime minister, Theresa May and the government, which lost control of the process.
A new vote is expected on Thursday as to whether the parliament wants, the government shall request an extension of the brexit, the EU since unanimous approval is required.
the Government’s proposal is to take brexitavtalet to a third vote next Wednesday and if it then goes through be able to request a short ”technical” extension of brexit.
seems away from the table still got the pound strengthened sharply on Wednesday, with a rise to 1:3381 against the dollar as the highest, the strongest level since June 2018. Sterling has subsequently fallen back to 1:3240.
There is still a rise of 1.3 per cent since Wednesday morning.
– the Pound is experiencing a bit of a rebound after having risen so steeply in the last session. The market wants to see how the vote to postpone the brexit develop themselves and get an idea of how long the postponement can be, and the sellers have re-emerged during this break, ” said Shin Kadota at Barclays to Reuters.
at IG Securities noted that the pound has already won quite a lot of land and then this reinforcement most have been created by expectations rather than fundamentals, so can the recent rally has come to an end.
