Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Theresa May might be defeated again in parliament over Brexit

The British Prime Minister could be defeated again in parliament over plans to renegotiate her Brexit deal on Thursday.

Theresa May is likely to be defeated in parliament on Thursday over plans to renegotiate her Brexit deal, which threatens to weaken her standing in the eyes of EU officials in Brussels ahead of the March 29 deadline.

On Thursday, the British prime minister faces a vote in the House of Commons to get the green light on her plan to secure further concessions from Brussels, with her hoping to appease MPs concerns over the Irish backstop so Britain can leave the EU with a deal.

Conservative revel MPs angry over ruling out no-deal Brexit

Brexiteers in May’s Conservative party have expressed anger over her the prime minister’s alleged willingness to rule out a no-deal exit from the EU.

Chairman of the pro-Brexit organisation, European Research Group, MP Jacob Rees-Mogg and other hard-line Brexit supporters are adamant that Britain will leave the EU on March 29 with or without a deal.

The vote on Thursday is viewed as symbolic, but even so, the level of division within May’s own Tory party and those of the opposing Labour party to her Brexit deal could see her defeated once again.

Unified front essential for better Brexit deal

Officials in Brussels have made it clear that they will not make any concessions to the divorce bill without assurances that a new Brexit deal will have sufficient support from British MPs to get it passed.

Trade minister Liam Fox pleaded with UK lawmakers to come together and support May, warning that ‘our European partners will be watching’ the vote on Thursday and signs of division will only hurt Britain’s chances of securing a better deal.

However, several Tory MPs are enraged at the idea of ruling out a no-deal exit from the EU, believing that the stance weakens the UK’s ability to secure a good deal with Brussels.

‘Compromising no deal would be the daftest negotiating strategy and not in the national interest,’ Steve Baker, a member of the pro-Brexit European Research Group said on Twitter.

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. See full non-independent research disclaimer and quarterly summary.

Trading around Brexit

Find out how Britain’s EU exit continues to affect traders, and discover:

  • How you can trade on Brexit
  • The markets you should be watching
  • Brexit trading strategies for key assets

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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 spread betting and CFDs.

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