BREXIT

[VNA]

On that point, all day yesterday the "City experts" were saying that if Mays deal is voted down then the pound will drop. --- IT went UP  :wall

Tis a very fluid situation Mr Sharp.  The city experts were probably figuring on a narrower defeat, with May coming back for a second vote.  That would then take us closer to a NO DEAL scenario.

But the deal hasn’t just been fairly strongly rejected, it’s been annihilated, completely and utterly blitzed.  I can’t see May coming back for a second vote, not without some sort of significant change.

Still anything could happen, but the general feeling has to be we are heading towards a much softer BREXIT.  That can only reassure the markets.


And the value of the pound is one indicator of the overall health of our economy.