May has called for politicians to back her deal or risk "letting the British people down". But with many of her own MPs expected to join opposition parties to vote against the deal, it was widely expected to be defeated.
After last-ditch Cabinet negotiations, U.K. Home Secretary Sajid Javid will set out the government's immigration plans for post-Brexit Britain on Wednesday.
Prime Minister Theresa May said that there were still considerable unresolved issues with the European Union over Brexit as the two sides approached the “endgame” in negotiations for departure from the bloc.
The dollar traded slightly below a 16-month high versus a basket of peers, benefiting from save-haven flows sparked by political uncertainties in Europe and fears of a global economic slowdown.
British Prime Minister Theresa May’s spokesman said he expected cabinet ministers to keep backing their leader on Brexit, and that they would be called to a meeting to discuss an EU exit deal as and when there was something to talk about.
Rupee dropped by 39 paise to settle at 72.89 against the US currency as oil prices rebounded after Saudi Arabia announced plans to cut production and the dollar strengthened in global markets.
Prime Minister Theresa May’s Brexit strategy came under attack from all sides, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a potentially chaotic “no-deal” Brexit.
British blue chips outperformed their European peers morning as fears over Britain’s European Union exit terms sank the pound, giving an accounting boost to stocks with foreign revenues in dollars.
British parliament will vote down Prime Minister Theresa May’s possible Brexit so voters should be given a new referendum, May’s former education minister said.
No meeting of Prime Minister Theresa May’s cabinet was scheduled for and negotiations to leave the European Union are continuing, a government source said.