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UK Parliament Votes Down Brexit Deal, Germany’s Annual Growth Slows


UK Lawmakers voted 432-202 against the deal agreed between PM May and the EU, with the leader of the Labour party calling for a no-confidence vote in the government. The pound had been on a steep decline ahead of the vote and rebounded strongly in the aftermath, in a “sell the rumor, buy the fact” market reaction. Elsewhere, the euro was hit hard after data showed that Germany’s economy grew at the lowest annual pace in 5 years.

May’s Deal Gets Rejected by a 230-vote Margin

Yesterday, it was all about Brexit and UK Parliament’s vote over the deal agreed between PM Theresa May and the EU. Lawmakers voted down the accord as was widely expected, but the margin by which May lost was the largest in modern British history. Specifically, MPs voted 432-202 against the deal. Just after the vote, Jeremy Corbyn, the leader of the Labour party called for a no-confidence vote in May’s government, which is scheduled to take place today.

However, we don’t see May losing this vote. Northern Ireland’s DUP and hardliners within her own party, although...

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Source: https://www.jfdbrokers.com/en/research/uk-parliament-votes-down-brexit-deal-germanys-annual-growth-slows
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