Prime Minister Theresa May was heading for defeat on Tuesday on her plans to lea...
Sterling fell as much as 2 U.S. cents on Cox’s advice on the basis that it reduced the chance that May’s deal would win over parliament, which on Jan. 15 rejected it by a historic 432 votes to 202. [GBP/]Opposition to May’s deal among members of the Conservative Party derives from a belief that it does not offer the clean break from the European Union that many voted for.
“This deal has now reached the end of the road. If it is rejected tonight, I hope that it will be put to bed,” he told parliament. Brexit-supporting lawmakers expressed suspicion at the haste of May’s last-minute assurances and suggested a delay to allow sufficient analysis of them and Cox’s advice. If lawmakers vote down May’s deal again, they will be given a vote on Wednesday on leaving without a deal, for which there is little support in parliament. If they turn down that option they will vote on Thursday on delaying Brexit. May said there was no guarantee the EU would agree to a delay.May had announced three documents - a joint instrument, a joint statement and a unilateral declaration - which she said were aimed at addressing the Irish backstop.
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