Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

May looks unwilling to compromise on plan B Brexit

Time is running out for the UK prime minister to come up with an alternative plan for leaving the EU and there are little signs of progress due to Theresa May refusing to budge on key aspects of her original withdrawal agreement.

UK Prime Minister Theresa May Source: Bloomberg

Theresa May is desperately trying to find an emergency back-up deal that is palatable to both British MPs in parliament and EU officials in Brussels.

The British prime minister has until Monday next week to draft an alternative deal that will satisfy both groups after her intial Brexit plan was vehemently rejected in the House of Commons on Tuesday.

But it appears there is little progress being made on an alternative exit strategy, with May refusing to budge on key aspects of her original deal, much to the dismay of opposition party leaders.

Labour leader Jeremy Corbyn refused to hold talks with the Conservative premier until she ruled out a no-deal Brexit, despite May calling on party leaders to put self-interest aside in favour of finding a way forward for Britain.

‘Before there can be any positive discussions about the way forward, the government must remove clearly, once and for all, the prospect of the catastrophe of a no-deal Brexit from the EU and all the chaos that would come as a result of that,’ Corbyn said in Westminster on Wednesday evening.

Brexit means Brexit

If May is unable to draft an alternative plan that can garner enough support in parliament to get passed, the UK could end up leaving the EU on March 29 without a deal. However, it is also possible that the Brexit process will be delayed or a second referendum could be held.

The British prime minister remains adamant that she will deliver on the will of the British people to leave the EU and has poured water on the idea of holding a second referendum, which she argues would undermine faith in democracy.

‘I believe it is my duty to deliver on the British people’s instruction to leave the European Union. And I intend to do so,’ May said outside Downing Street on Wednesday night.

‘I am inviting MPs from all parties to come together to find a way forward,’ she added. ‘This is now the time to put self-interest aside.'


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Trading around Brexit

Find out how the UK’s exit from the EU continues to affect traders, and discover:

  • The unique opportunities in a ‘hard’ and ‘soft’ Brexit
  • The markets you should be watching
  • Everything that’s happened so far

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.