Daily Finance exclusive, follow
Aunt Mei suffered a "Waterloo"!
On the 15th local time, British Prime Minister Theresa May's Brexit Agreement suffered a tragic failure in Parliament, and British Parliament finally veto Prime Minister Theresa May's Brexit Agreement with 432-202 votes. It is reported that this is one of the biggest failures encountered by the British incumbent government.
According to the previous decision of the lower house of parliament, British Prime Minister Theresa May will propose a new "Brexit" plan before January 21 and submit it to the parliament for vote again.
Brexit agreement was rejected by a large proportion
The lower house of the British Parliament voted to veto the previous "Brexit" agreement reached by the British government and the EU with 432 votes on the 15th and 202 votes in favor.
Theresa May delivered a speech in parliament saying that the failure to resolve the "Brexit" issue will bring more "uncertainty and pain" to the UK. Conservative government can gain support on parliament's confidence motion and will continue to discuss Brexit in a constructive way in the future; the government will provide realistic ideas to the EU. A statement will be issued around future actions by next Monday (January 21), and it is the responsibility to fulfill the results of the Brexit referendum.
Financial media CNBC pointed out that the current opposition is probably the biggest parliamentary defeat encountered by the current government in British political history. After the voting results were announced, Corbyn, the leader of the British main opposition party, submitted a motion of distrust of the current government. The vote on the motion for distrust will be held on January 16 local time.
analysts believe that some Conservative MPs are worried that the agreement’s content on the Irish border issue will cause division in the UK, so they voted against it.
Theresa May did not win the vote, so she will have to come up with an alternative plan within the next 3 days, as soon as next Monday. At present, several possibilities on the surface - a no-deal Brexit that may cause trade barriers, a soft Brexit will keep the UK closer to the EU or a second referendum has not received an absolute majority support.
On June 23, 2016, 51.9% of voters in the UK supported Brexit. According to the law, the UK will leave the EU on March 29.
The EU began to prepare for a no-deal Brexit scenario
According to multiple media reports, the EU began to prepare for a no-deal Brexit scenario.
Belgian Prime Minister Charles Michel said on social media that the country will speed up the preparation process. European Commission President Juncker said he was "regretted" by the results of today's British Parliament's vote and urged the UK to clarify its intentions as soon as possible, "there is not much time left." He believes that the risk of disorderly Brexit has increased after today's vote. European Council President Tusk said it is impossible to negotiate a new agreement.
The market is concerned about whether May quickly lists its next action plan after the Brexit agreement was rejected by parliament.
It is said that May will give a "executable technical assignment schedule" in the coming weeks. According to the Financial Times, Prime Minister May, Finance Minister Hammond, Brexit Secretary Stephen Barclay, Commerce Minister Greg Clark and other top officials will talk to business leaders after the vote is over.
pound fell sharply and recovered all losses
15th. Before the vote, the pound weakened. However, after the British May's Brexit agreement was announced by the House of Commons , the lower house of commons , with a large proportion of 432-202 votes, the decline of the pound against the US dollar gradually narrowed, and it rose above 1.28 in ten minutes, rebounding by 177 points from the low before the vote. 40 minutes after the voting results were announced, the pound completely turned up against the US dollar, reaching a maximum of 1.2916, up 248 points from the low point 1.2668 hit after the voting, representing breaking the three marks of 1.27-1.29. Stephen Gallo, head of European foreign exchange strategy at
BMO Capital Markets, pointed out that on the eve of the most critical vote, the pound fell below the 1.28 and 1.27 marks against the dollar, down 216 points from the day high, and the decline expanded to 1.3%, setting a new daily low of 1.2695. This reflects that it is a consensus that the failure of the Brexit agreement in parliament has been made, and traders are most concerned about the "failure ratio". The lack of liquidity in the market makes it difficult to judge the direction of the pound's movement.
htmlOn the 115th, the gold futures price did not change much, and COMEX February gold futures closed down 0.2% at $1,288.40 per ounce. The 10-year U.S. Treasury yield turned lower and then rose, closing at 2.71%.European stock markets rose, the FTSE Pan-European Outstanding 300 Index closed up 0.48%, the European STOXX 600 Index closed up 0.34%, the German DAX 30 Index closed up 0.33%, the French CAC 40 Index closed up 0.49%, and the UK FTSE 100 Index closed up 0.58%.Editor: Zhang Nan Yu Hongbo
