Jakob Christensen, chief analyst at Danske Bank, points out that in the UK, in yesterday’s indicative votes, the House of Commons rejected all eight Brexit options, which is not a big surprise given the House of Commons had rejected most of the options in one way or another in previous votes.
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“Next step is likely more indicative votes on Monday 1 April, where members of parliament may vote again but on fewer options. Within the Conservative Party more Brexiteers are now backing May’s deal after she promised to resign soon after Brexit has been delivered, but unfortunately for May, the supporting party DUP from Northern Ireland remains against. May’s deal will likely be dead on arrival if brought forward for a vote tomorrow.”
“With just about two weeks to go, uncertainty is high. In our view, there seems to be four possible ways forward now: May’s deal, no deal, second EU referendum or May’s deal including a permanent customs union. Risk of snap election might have gone up, though.”
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