Teresa May survived the vote of confidence, Pound reacted negatively

The government has endured today's vote of no confidence. May received 200 votes in favor, against 117 against. This is a reasonable difference, but it will not be enough. Even after May promised today that he would have a "better" Brexit deal and that he would not lead the Conservatives in the next Parliamentary election. Will this not be the beginning of a more serious political turnaround that will lead to her resignation? The problem is that we are back in the starting position when May on Sunday said she would need a better deal to pass to Parliament.

The pound remained around 1.26700, but immediately made a sharp downward movement within 78 pips, perceiving the result to be negative. The price has met slightly support around 38.2 Fibo or 1.25967. In this case, the market interprets that victory today will simply increase the chaos in the current situation, and whether May will succeed with a better proposal is in doubt. The likelihood of her being summoned to succumb to her resignation also hovers as a real danger, given the small difference she has made today. Some say that her victory today is precisely due to her speech that she will not lead the potential new parliamentary elections.

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