What to expect
Like always, expect the unexpected. Check out Justin's excellent post earlier, it helpfully details Theresa May's voting dilema.
The Ugly : What's the worse case scenario?
The Cabinet can't agree to sign the text and they walk out. Theresa May then may leave and a new election is held within the Tory party. Pound bearish
The Good: The best case scenario?
The Cabinet sign the deal and the deal is so good that all of Parliament cheer and agree to vote it through. This is not the case as we have had many dissenting voices already. But if it did go this way it's pound bullish (very)
The Bad : The likely scenario
Cabinet sign the deal and there follows lots of wrangling and political skulduggery to try and get Parliament to vote it through. Initially bullish on the GBP followed by uncertainty and more headline trading until it becomes clear (if it does) which way the vote will go
