U.K. Prime Minister Theresa May’s Brexit deal was rejected once again by Parliament, throwing the country deeper into political crisis and raising the prospect that the divorce will be delayed or even reversed. Renegotiated late on Monday night, the latest version of the deal was defeated by 391 votes to 242. That’s less than the record 230-vote margin she suffered in January, but still a stinging repudiation of two years of painstaking work.
Attorney General Geoffrey Cox, whose damning assessment on the new terms meant critics held firm, said in an interview that an extension to the U.K’s departure date from the European Union beyond March 29 was “inevitable.” In fact with the deal all but dead, Parliament will probably vote to postpone Brexit this week, and lawmakers — including some of May’s own Cabinet — will likely try to maneuver to force the government to rip up its Brexit plans and start again.
Members of Parliament are expected to vote Wednesday to take a chaotic no-deal option off the table. May said she’ll offer a free vote, meaning the government will not whip Conservative lawmakers to take a particular side. But there’s a risk all they manage to do is postpone the drama for another few months. It was notable that she included a second referendum on Brexit among the choices Parliament may face in coming months. The pound pared losses after May spoke.
Theresa May’s Brexit Deal Routed With Extension Now Seen as ‘Inevitable’, Bloomberg, Mar 13
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies