Sterling weakened mildly as the UK House of Commons, unsurprisingly, rejected all four Brexit alternatives in yesterday’s indicative votes again. The closest one to get a majority was Conservative MP Kenneth Clarke’s Customs Union option, which was defeated 276-273. The most voted one was Labour Peter Kyle’s Confirmatory Public Vote, which was defeated 292-280.
Brexit Minister Steven Barclay complain in the Parliament after the votes that “this House has continuously rejected leaving without a deal just as it has rejected not leaving at all.” And he reiterated that ” the only option is to find a way through which allows the U.K. to leave with a deal.” He also noted “if the house were to agree a deal this week, it would still be possible to avoid holding European parliamentary elections.” It’s taken as a hint that Prime Minister Theresa May could put the thrice-defeated Brexit deal to a fourth vote this week.
