May Survives No-Confidence Vote but has until Monday 21st to present New Proposal


The British pound moved higher following the British Prime Minister Theresa May’s government narrowly surviving a no confidence vote brought by the opposition over the handling of BREXIT. The vote was narrow with May winning by just 19 votes. Our sources were correct that she would survive. However, while the 21st seems to be a target date of our models, the prime minister  has just three days to propose an alternative deal – that is January 21st. I find it curious how the computer picks weeks in advance of political events the targets for market movements that are driven by politics. There is clearly something beyond the headlines that the computer picks up.

Despite Losing Vote for Brexit Plan, Prime Minister Theresa May Wins Confidence Vote…


After losing a key vote to advance her Brexit plan, the U.K. Parliament held a confidence vote.  Despite the lost vote 24 hours earlier, British MPs voted 325 to 306 affirming their confidence in May’s government.

Prime Minister May delivered remarks on the past two days from 10 Downing Street.

BREXIT Deal of PM Down in Defeat


Prime Minister Theresa May now faces a no-confidence vote after her BREXIT plan was defeated to be submitted by opposition Labour Party leader Jeremy Corbyn. Nonetheless, our sources there say that she will probably survive as the Conservatives who rejected her plan are not likely to vote for a no-confidence motion realizing that a Corbyn victory would more or less signal it is time to leave Britain on the next flight.  Corbyn’s socialist policies would only put Britain in a heated competition in Europe with France as to who could go bankrupt first. Macron realizes that socialism has destroyed the French economy, but he has no real support to try to change that policy.

This defeat of her plan for BREXIT only increases the chances of a hard-exit come March. The talk both in London and Brussels is all about postponing the inevitable. The idea is gaining ground now that the UK should seek to delay its departure from the EU. The SNP has called for extra time for an extension of article 50 beyond March 2019 so that the government could “go back and negotiate a better deal”. Meanwhile, those who have supported of a second referendum, such as the Conservative former cabinet minister Justine Greening, is joined by others behind the curtain who believe that the exit clause could be extended until the end of July 2019 to allow time for another vote.

Our timing models still show March and May as the key targets this year.

 

Theresa May Brexit Deal Resoundingly Rejected by U.K. Parliament….


The British Parliament resoundingly rejected the proposed Brexit deal put forth by Prime Minister Theresa May earlier today.  Government officials on both sides of the contentious economic argument, globalists and nationalists, found little to support in May’s insufferable attempt to split the baby.  The vote was 432-Nay, and 202-Yea.

(Via Fox News) British lawmakers on Tuesday rejected Prime Minister Theresa May’s proposed deal to exit the European Union by a resounding 432-202 vote, dealing a major setback to negotiations just 10 weeks before the United Kingdom is set to withdraw from the international body.

The vote leaves the country with no clear plan to implement Brexit and raises questions about May’s future as prime minister. The rejection was widely expected and dealt the British government its biggest defeat in the House of Commons in more than a century.

[…] The deal was doomed by deep opposition from both sides of the divide over U.K.’s place in the bloc. Pro-Brexit lawmakers say the deal will leave Britain bound indefinitely to EU rules, while pro-EU politicians favor an even closer economic relationship with Europe.

The government and opposition parties ordered lawmakers to cancel all other plans to be on hand for the crucial vote. Labour legislator Tulip Siddiq delayed the scheduled cesarean birth of her son so she could attend, arriving in a wheelchair.

As lawmakers debated in the House of Commons chamber, outside there was a cacophony of chants, drums and music from rival bands of pro-EU and pro-Brexit protesters. One group waved blue-and-yellow EU flags, the other brandished “Leave Means Leave” placards. (read more)