NewsCase StudiesEvents

May heads to Brussels after surviving no confidence vote

Also in the news...

Strategic Locations For Business Travellers In London

London, a bustling hub of commerce and culture, is an essential destination for business travellers. Whether attending meetings, conferences, or networking events, the city's diverse neighbourhoods offer various amenities to suit the needs of the professional on the move. From convenient transport links to luxurious accommodations, knowing where to base yourself can significantly enhance your business trip experience.

Business Expansion in the UAE: Mastering the Free Zone Advantage

The UAE has become the number one destination for international business activity. More precisely, free zones have been wooing investors from every nook and corner of the globe by offering unbeatable incentives, most notably complete foreign ownership and tax exemption.

Ukraine business guide: helping UK businesses trade with Ukraine

This guide provides UK businesses the core information necessary to understand the challenges and opportunities of trading in Ukraine.

Trade with Canada Guidance

How you import from and export to Canada.

Guidance Living in France

Information for British citizens moving to or living in France, including guidance on residency, healthcare and driving.

May heads to Brussels after surviving no confidence vote

Back to News

It was another dramatic day in UK politics yesterday as Prime Minister, Theresa May, survived a vote of no confidence brought upon her by members of her own Conservative Party.

Early yesterday morning it was confirmed that the Tory backbench 1922 Committee had received the 48 letters needed from its MPs to trigger a vote of no confidence. Events unfolded quickly as it was announced that the vote would take place in the evening with the result due around 9pm. Sterling wobbled on the announcement however GBP/USD soon rallied on a series of reports/tweets from political commentators that Theresa May would easily win the vote. Cable quickly pushed back through 1.26 by lunchtime and peaked around 1.2675 shortly before Sir Graham Brady, the Chairman of the 1922 Committee announced the result. May won by 200 votes to 117 however the amount of votes against her saw the pound slip. This morning it has rallied again as May heads to Brussels to meet EU leaders in an effort to get some sort of concession re: the Irish backstop that has enraged Brexiteer members of her own party. GBP/USD is back up to 1.2670 at present so it seems there is some confidence in the markets that we will see some softening of tone from the EU despite words hitherto saying there will be no amendments to the deal.


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.