UK: Defeat of PM May's Brexit deal expected – Danske Bank

Analysts at Danske Bank point out that today is the day of the long-awaited Brexit vote in the House of Commons has finally arrived (voting starts at 20:00 CET) and is going to a key economic event for the day.

Key Quotes

“A defeat of PM Theresa May's Brexit deal is widely expected, so markets will probably not react to the defeat itself but to the size of the defeat. A narrow defeat means that May might be able to get it through at a later stage, but a big defeat means we are in uncharted territory (and we cannot rule out that Theresa May will resign).”