“The day after we vote to leave, we hold all the cards and we can choose the path we want.” – Michael Gove, April 2016.
After a long vacation, we are coming back on time to watch the Brexit Bulletin where PM Theresa May accord goes to parliament late today for a vote. Will she win or be defeated that is an important measure for making the accord savoury to get it across the line.
The 100 votes is the magic number set by pound traders while 60 is for the European Union diplomats. There is hope if the number of votes is maintained below 100 and reduces the chance to call a no-confidence vote by Corbyn. GBP Positive.
If the number of votes exceeds the 100, all options are on the table including the call to form new government (above 200). GBP Negative.
Rally could hit 1.3000, 1.3350, 1.3500, even 1.3900 while the plummet shall hit 1.2500, 1.2200, 1.2000, 1.1500