Brexit vote

Brexit Mess and Central Bank News

May 22, 2019

The latest Brexit proposal from British Prime Minister May was defeated heavily by a parliamentary vote of 432-202. That was a significantly bigger defeat than on her previous attempt. Sterling dropped to a four-month low of $1.2641. The ten-year British gilt yield slid six basis points to 1.02%, but the Ftse-100 avoided the slide experienced […] More

Awaiting Another Key Vote on Brexit

March 13, 2019

Yesterday’s British parliamentary vote on Prime Minister May’s revamped Brexit deal saw around 40 MPs flip from having voted no in January to now accepting the arrangement. The deal was nonetheless easily rejected by 391 nays to 242 yes votes. Today’s key vote asks MPs for approval for the U.K. to leave the EU after […] More

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