Attention is focused on the “meaningful vote,” expected in mid-December, when the 650-seat lower House of Commons decides whether to accept or reject the agreement outright. Once EU leaders formally sign off on the deal, expected on Sunday, the parliamentary process starts in earnest but the numbers seem stacked against the government. Then comes the meaningful vote, a focus for financial markets where sterling has already been riding a political rollercoaster for weeks. "That's the only way they can be reasonably confident that it can both win the meaningful vote and get the legislation through unscathed." It must also pass through the largely pro-EU upper House of Lords, where May's party has no majority.

Source: Dhaka Tribune November 23, 2018 14:48 UTC