With the Brexit timetable inexorably ticking off the days to Britain’s scheduled departure from the EU in 18 day’s time, Tuesday is a key step with another meaningful vote due to take place in the Commons to see if any of our MPs can agree on anything. There’s a fair likelihood that a majority of MPs will still disagree on the offer on the table and that warring factions won’t be able to agree on anything.
The problem is no one was expecting the population to narrowly vote in favour of leaving the EU and, whilst the EU haven’t been generous in the proffered exit transition deal they have been relatively fair and tailored the deal around the red lines that the government insisted upon. Now it appears the deal is too soft for Brexiteers, and not tough enough to appears remainers (who let’s face it many have yet to really accept that the vote went against them and appear hell bent on spending the best part of another ten million quid to see if they can get a different result the second time around).
The one thing that is certain is that the meaningful vote and whatever else transpires this week is likely to have an impact on sterling and the value of the pound could fluctuate. Currency experts, Currencies Direct, have set out a flow chart with the various outcomes that could take place over the next couple of days in the Brexit Timetable with their predictions on which way the value of Sterling could swing and by how much.