Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Theresa May expected to resign as PM to get her Brexit deal done

The British prime minister is expected to offer her resignation to sweeten her Brexit deal on Wednesday with the hope of getting it through the House of Commons in a vote later this week.

Video poster image

Theresa May is expected to indicate a date for resignation as prime minister as a means of making her twice-defeated Brexit deal palatable enough for MPs to swallow when her revised withdrawal agreement faces a third vote in parliament later this week.

As it stands, it is unclear how, when or if Britain will leave the EU, with May expected to get MPs to vote on her revised Brexit deal for a third time later this week, as several Conservative rebels, including Jacob Rees-Mogg, reluctantly choose to get behind May’s withdrawal agreement.

British lawmakers hold indicative votes on Brexit

Meanwhile, MPs in the House of Commons are desperate to take Brexit out of May’s hands, with lawmakers set to hold indicative votes on a range of alternative options, including a much softer exit from the EU to bailing out of the bloc without a deal and even revoking Article 50 altogether.

British lawmakers are scheduled to debate and vote on all manner of alternative Brexit options in parliament on Wednesday at around 7:00pm GMT, with the results announced at 9:00pm.

Theresa May’s offers her premiership on a plate

May is still hoping that she can secure enough support in parliament to edge her deal over the line, with the prime minister expected to indicate a date for her departure on Wednesday afternoon during a meeting with members of the 1922 Committee, a group comprised of Conservative backbench MPs.

‘The prime minister might get a deal over the line on Thursday or Friday,’ Oliver Letwin, a Conservative former cabinet minister told Reuters. ‘If she does, no one would be happier than I am.’

‘If, however, that doesn’t happen and if we do go forward to Monday, and if on Monday one or more propositions get a majority backing in the House of Commons, then we will have to work with the government to get the government to implement them,’ he added.


The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.

Trading around Brexit

Find out how Britain’s EU exit continues to affect traders, and discover:

  • How you can trade on Brexit
  • The markets you should be watching
  • Brexit trading strategies for key assets

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.

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.