Tuesday 11th December 2018

The UK PM Theresa May has delayed the parliamentary vote on her Brexit deal, hoping the EU will negotiate on the open-ended nature of the backstop arrangement. But is it rearranging the deckchairs on a doomed deal? Phil Dobbie talks to NAB’s Tapas Strickland in London, where the pound has taken a hit on the increased uncertainty on where Brexit is heading. They also look at the swift turnaround in oil – with OPEC cuts agreed, why are prices sliding again? Plus, more on the plight of the Aussie dollar which, like the ASX, has had a tough 24 hours.