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05/12/2018 – This Morning’s Exchange Rates

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

A senior lawmaker in Prime Minister Theresa May’s Conservative Party said he would vote against her Brexit deal and predicted parliament would reject it by at least 80 votes, The Telegraph newspaper reported.

“Brexit should be an opportunity for our country to spread its wings, not have them clipped,” Mark Harper, who formerly served as Conservative chief whip, or parliamentary enforcer, told the newspaper.

“The Cabinet’s proposals are not acceptable because they threaten the integrity of our country, keep us trapped indefinitely in a customs union and leave us in a weak negotiating position for our future relationship,” he said.

Harper said May would lose the Dec. 11 vote “by at least 80” and urged May to renegotiate the withdrawal agreement.

The Northern Irish party propping up Prime Minister Theresa May’s government will vote against her Brexit divorce deal in a key vote in parliament next week, according to one its MPs.

The Democratic Unionist Party are unhappy with the divorce deal’s so-called backstop provision which will align Northern Ireland more closely with the European Union than the rest of the United Kingdom if no other way can be found to avoid a hard border with the Republic of Ireland.

This is not looking good for May or the value of Sterling. Speak to us now to protect yourselves against volatile movements.

GBP/EUR 1.1209

GBP/USD 1.2710

GBP/AED 4.6641

GBP/AUD 1.7449

GBP/CHF 1.2697

GBP/CAD 1.6905

GBP/NZD 1.8382

EUR/USD 1.1326

GBP/ZAR 17.415

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