NewsCase StudiesEvents

Crucial week for pound with parliament set to vote on May's Brexit deal

Also in the news...

Carry out international road haulage

What UK goods vehicle operators need to do to carry out international road haulage.

Import firewood into England, Scotland or Wales

Find out how to import firewood, such as logs and kindling, into England, Scotland and Wales (Great Britain).

How to check if you can delay customs payments and declarations

If you’re a business that currently buys goods from or sells goods to countries outside the UK, or are planning to trade with Europe from January 2021, HMRC’s new tool can help you identify ways you might be able to make the customs process easier for cheaper for your business. This short video shows you how to use the tool.

How can a customs intermediary or agent help me?

If you’re a UK business thinking about moving goods into or out of the UK , this video is here to help you understand how customs intermediaries or agents can help you. For more information have a look at the guidance available on

What are commodity codes?

If you're buying or selling goods abroad, you need to work out the amount of duty or VAT you owe. This short video tells you how to find out the ‘commodity code’ classification for your goods, using our Trade Tariff tool. Find out more on GOV.UK

Crucial week for pound with parliament set to vote on May's Brexit deal

Back to News

It’s one of the most crucial weeks for the pound since the 2016 EU Referendum with parliament due to vote tomorrow night on UK Prime Minister, Theresa Mays proposed Brexit deal.

After months of negotiating and in-fighting within her own Conservative Party, May agreed a deal in principle with the EU last month and tomorrow night MPs get to vote on whether they are happy to proceed by its terms. It’s looking likely that May is heading for defeat however the margin of defeat and the repercussions will be the main talking points. Should May lose and the EU offers a token amendment with regards to the Irish border then we could be set for another vote early next year whereby MPs may be inclined to switch sides and vote in favour of the plan “in the national interest.” If there is no such offering from the EU then we could be heading for a leadership challenge, general election and another referendum amongst other possibilities. A short time ago the European Court of Justice ruled that Britain can unilaterally revoke the Brexit vote and choose to remain in the EU. As a footnote today there is UK GDP and Manufacturing Production numbers for Oct-Nov period, don’t expect much reaction to this however as all sterling traders are concerned about at present is Brexit. GBP/USD continues to trade between 1.27 and 1.28 currently sitting at 1.2725.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.