Brexit May Mean Brexit, But Not Before Another Vote
Prime Minister Theresa May accepted that Parliament should be allowed to vote on her strategy for taking Britain out of the European Union as lawmakers who want to keep closer ties to the bloc began to assert themselves. The pound climbed against all of its 31 major peers as May’s move was seen as a conciliatory gesture, calming investor concern that she was taking a gung-ho approach to negotiations with the EU. Sterling had tumbled, losing more than 6 percent this month through Tuesday, after May signaled her intention to put immigration curbs before the City of London’s interests in pulling Britain out of the bloc. Bloomberg's Simon Kennedy reports and Bank of America Merrill Lynch Chief European Economist Gilles Moec, GLG Portfolio Manager Jon Mawby discuss with Mark Barton on "Bloomberg Surveillance."
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