Theresa May’s Deal Doomed Second Time, the Pound Sinks, No-Deal Brexit Odds Rise

Theresa May’s deal is doomed a second time after the Attorney General stated gave his legal opinion that the UK could be trapped in the backstop indefinitely. “The legal risk remains unchanged,” said Cox.

With that announcement, the British Pound gave up yesterday’s gains on the news.

More importantly, DUP and ERG say they cannot support May as MPs debate deal according to Politics Live on the Guardian.

23 MPs are willing to switch there votes following the revised statement May received from Jean-Claude Juncker yesterday. But that is nowhere near enough.

Even if all the undeclared decided to vote for the deal, it would still lose by a 345-292 count.

Estimates were that May needed to get this under 50 to have a shot at winning a third vote.

Remainers are likely pleased. But the bottom line is the odds of a no-deal Brexit just rose significantly.

Mike “Mish” Shedlock

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Mish
Mish
7 years ago

“I think the UK is working with other countries on making agreements with the assumption that no-deal Brexit will happen. So, on 29th March, UK is out. I am an optimist.”

If you believe the talk is accurate, you are correct. Referendum a low chance

Mish
Mish
7 years ago

Odds of Britain applying to re-join EU are 5/6?

Seems ridiculous: Betting odds are not real odds

WCVarones
WCVarones
7 years ago

Odds of Britain applying to re-join EU are 5/6?

Jojo
Jojo
7 years ago

If they can’t include Ireland in the break-away deal then they have to furgetaboutit!

KidHorn
KidHorn
7 years ago

I’m sick if reading about this. Either Brexit or tell the voters to piss off and don’t. Stop this can kicking crap.

Stuki
Stuki
7 years ago
Reply to  KidHorn

Few things give useless twits more opportunity to grandstand, than simply piling up decisions affecting other people in front of them.

Yancey_Ward
Yancey_Ward
7 years ago
Reply to  KidHorn

Here is what is going to happen:

(1)May loses today’s vote;
(2)Parliament votes no on “No Deal”;
(3)Parliament votes to extend the Article 50 notice;
(4)EU offers an extension only if 2nd Referendum is scheduled;
(5)May and Parliament “reluctantly” agree to EU’s terms for extension;
(6)2nd Referendum is scheduled for August/September with 3 choices and Remain wins a plurality.

This was always going to be the endgame the moment May was selected by Remain Tories to be the PM.

Stuki
Stuki
7 years ago
Reply to  Yancey_Ward

You forgot 7)The saps will do nothing effectual about it, aside from bending over a bit further, just as they are told. Leaving the job of rescuing them from their enslavement to progressive twits and their bankster buddies, to a bunch of less supremely useless Muzzies.

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