BREAKING: UK attorney general says changes to Brexit deal reduce but don't eliminate risk Britain could be tied to EU indefinitely.
The pound has slumped by more than 1 percent against the dollar after the British Attorney General’s assessment of Prime Minister Theresa May’s reinforced expectations that lawmakers will reject it.
Minutes after Cox’s advice, the pound was 1.1 percent lower at $1.3014, almost two cents down from where it was earlier. The opinion is a blow to May’s hopes of persuading pro-Brexit lawmakers to vote for her deal in Parliament on Tuesday. Germany’s EU affairs minister, Michael Roth, called it “a far-reaching compromise. For the EU it’s of utmost importance that the integrity of the single market be preserved, and that there be no hard border between Northern Ireland and Ireland.”
European Affairs Minister George Ciamba of Romania, which has the EU presidency, held out “hope this will be a game changer...but we shouldn’t pre-judge the outcome of the vote in the Commons...a disorderly exit would be the worst scenario.′8:50 a.m.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets set for higher open; pound jumps as Theresa May secures Brexit concessionsAsian stocks are poised for a higher open on Tuesday, on the back of a strong performance in U.S. markets overnight as tech shares turned in strong gains.
Read more »
Pound soars, Asian shares rally after Brexit deal changesThe pound jumped and Asian shares rallied on Tuesday after the European Commissi...
Read more »
'Short' pound bets fade three weeks before BrexitWith three weeks to go before Britain is due to exit the European Union, interes...
Read more »
Pound jumps, Asian shares rise after changes to Brexit dealThe pound jumped on Tuesday and Asian shares rose after the European Commission ...
Read more »
EU to Britain: come back Friday with reworked backstop - diplomatsEU Brexit negotiators have rejected Britain's latest proposals on the so-ca...
Read more »
The Latest: UK says it secured binding Brexit deal changesLONDON (AP) — The Latest on talks about Britain's departure from the European Union (all times local): 10:05 p.m. The British government says it has secured 'legally binding changes'...
Read more »
Latest Brexit Risk: Cambridge’s World Class StatusAcademics in historic university town worry that Britain’s departure from the European Union will spark an exodus of talented researchers and render the city less attractive to the bioscience and tech companies that have fueled an economic boom.
Read more »
LIVE: Theresa May's Brexit deal hopes dashed after Attorney General refuses to change his legal adviceMembers of Parliament will vote on Theresa May's revised Brexit deal with the European Union on Tuesday evening.
Read more »
May still hopes for changes to Brexit dealThe Latest on talks about Britain's departure from the European Union (all times local): 10:05 p.m. The British government says it has secured 'legally binding changes' from the European Union to overcome a key stumbling block on the Brexit deal. Cabinet office Minister David...
Read more »