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LGT Navigator: Decision day in the Brexit poker

January 15, 2019

The uncertainty before tonight's vote on the Brexit agreement in the British parliament is weighing on the mood of investors. Following a last-minute postponement of a first planned vote in December, MEPs are now to vote today on the legally binding divorce agreement and the political declaration of intent on future relations with the European Union. A rejection of the Brexit deal is considered a foregone conclusion – the question is how clear the defeat of Prime Minister Theresa May will be and what will happen next. Besides new elections – either after a vote of no confidence against May or initiated by herself – a second Brexit referendum or a withdrawal from the EU without an agreement ("No-Deal Brexit"), renegotiations with the EU would also be possible, followed by another vote.

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