UK Former PM Expects Brexit Vote to Fail on Tuesday

The U.K.’s former Prime Minister Gordon Brown told CNBC that he doesn’t expect a closely-watched Brexit vote on Tuesday to go in the government’s favor.

“I don’t think she’s going to win it,” Brown told CNBC on Monday, a day before British lawmakers were due to vote on Prime Minister Theresa May’s deal to leave the European Union.

May’s “Withdrawal Agreement” faces deep opposition within the parliament and if her blueprint gets shot down, the consequences could be dire. Several potential scenarios could unfold: May’s government could collapse; the U.K. could face a disorderly exit; a second referendum could happen; or the entire Brexit process may get scrapped altogether.

According to Brown, May could even try for another vote in the near future.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza