There was an election held in the UK on Thursday, a by-election for the seat of Newport West.
It was a Labour seat, and has been held by the party. But that is not the interesting bit.
It is an area that voted 'Leave' in the referendum in 2016. Check this out, how the votes came in yesterday (via Britain Elects) : Both the big two parties lost votes, while UKIP (the rabid leavers) got the biggest gain.
Maybe this is indicative of nothing more than 'leave' areas hardening their support for 'leave'. But maybe its something more. I'll leave that to the pundits and psephology folks (they are the election analyst folks, not those that study spiders, yeah?).
A heads up.
GBP doing little here today:
Source: https://www.forexlive.com/news/!/brexit ... r-20190405
Theresa May faces threat of new confidence vote after European elections amid Brexit backlash
Brexit-related volatility is back for the pound as reports that Theresa May might offer MPs a vote on a second referendum has renewed hopes that Brexit might be abandoned altogether.
May reportedly ran the plan by her cabinet, but according to some reports, she backed down after senior cabinet figures refused to back the plan.
Earlier today, the pound reacted to news that May would be holding a press conference to outline a new Brexit proposal.
- MAY POISED TO OFFER MPS VOTE ON HOLDING 2ND BREXIT REFERENDUM
- VOTE ON 2ND REFERENDUM CONDITIONAL ON BILL PASSING 1ST STAGE
- PARLIAMENT WOULD VOTE ON PUTTING BREXIT DEAL TO REFERENDUM
It's unlikely that a second referendum would be approved, as the indicative votes held back in March showed it wouldn't have the support of a majority of MPs, but the fact that a "People's Vote" on May's deal is back in the conversation is enough to ignite hopes that Brexit will simply be abandoned.
This silly woman created so many problems now she's throwing in the towel. Traders lost countless amounts because of her disruptive Brexit meetings and "updates" now she's off! Good one.