Rumors have been confirmed that the British government intends to postpone Brexit's vote in parliament. The immediate reaction of the Pound was negative.
The original date was scheduled for Tuesday night (December 11, 2018), but May broke under the pressure of the opposition, given the outpouring defeat for the government and withholding the elections ahead of time. After a speech lasting more than an hour, Mae confirmed her intention to delay the vote. There is no specific date when it will take place.
How will the elections affect the GBP?
However, the insecurity that gave rise to the rumors and the statement of May, had ruined the pound almost immediately after the fleeting growth she had recorded earlier. Expectations for the pound are severely negative, while Britain does not take a specific position. Technically, since the last downward moment, the pound has fallen below a key level of support, which suggests that sales will increase.
Currently, investors are accumulating the potential crash of Theresa May, which gives good prerequisites for short-term short-positioning of pounds.
"If we went out to vote tomorrow, the deal would be denied a significant difference." Mae supported her decision. It will seek additional security on the part of European leaders in resolving the problem of the Irish border. Three months remain for UK to leave the EU, a delay in voting will trigger a fresh series of talks with EU leaders. May will travel to Brussels on Thursday for a meeting with them. The deal with the new amendments can be returned to Parliament, which is approved within weeks.
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