Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

End of the line for Theresa May’s Brexit deal as MPs reject it for third time

British lawmakers have rejected the prime minister’s Brexit deal for the third time, leaving the country in limbo on the day it was meant to leave the EU.

Theresa May Source: Bloomberg

UK Prime Minister Theresa May’s Brexit deal has failed for the third and likely final time as MPs in parliament voted to reject it by 286 to 344 on Friday.

British lawmakers’ decision to reject the stripped-down version of May’s withdrawal agreement has left the country rudderless on how, when or if Britain will leave the EU, leaving businesses with yet more uncertainty about the UK’s future relationship with Europe.

Brexit no longer guaranteed

May had warned MPs that if they failed to get behind her divorce bill on Friday, then any further delay to the process would likely be a long one that goes well beyond April 12.

“There are those who will say: ‘The House has rejected every option so far, you’ll probably lose so why bother?’ I bother because this is the last opportunity to guarantee Brexit,” May told the House of Commons.

“If we do not vote for this motion today, people will ask: ‘Why did you not vote for Brexit?’”

Next deadline on the horizon

May’s third defeat in the House of Commons means that British lawmakers have just two weeks to convince their counterparts in Brussels that they have an alternative route to break the Brexit deadlock, despite MPs failing to reach consensus on a Plan B in parliament earlier this week.

However, of the many alternative options voted on by MPs in parliament, British lawmakers came close to a majority on two: a second Brexit referendum and for Britain to leave but remain a member of the EU customs union.

But without a clear path ahead, the likelihood of Britain bailing out of the bloc without a deal looks increasingly likely, a move that if allowed to happen would wreak havoc on UK economy and Ireland.


This information has been prepared by IG, a trading name of IG 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.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Be ready to act on ECB opportunities

Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 12 December 2024.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

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 Friday. 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 CFDs.

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