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British pound slips as May's Brexit plan and government hang in the balance

Published 12/03/2018, 10:43 AM
Updated 12/03/2018, 10:43 AM
© Reuters.  British pound slips as May's Brexit plan and government hang in the balance
  • The British pound slides 0.4% against the euro and 0.2% against the U.S. dollar as U.K. Prime Minister Theresa May is threatened with a vote that could bring down her government if Parliament rejects her Brexit pact with the EU.
  • The Labour Party's Brexit Secretary said Sunday that a proposal for a no-confidence vote is "inevitable" should May's Brexit plan fail to get Parliament's approval.
  • U.K. lawmakers are poised to begin debating the Brexit pact and are scheduled to vote on it on Dec. 11.
  • Opposition parties say they'll reject the plan as do May's allies in Northern Ireland’s Democratic Unionist Party and about 100 members of her own Conservative Party.
  • Previously: EU: Current Brexit deal 'only one possible' (Nov. 29)
  • Now read: Will The Euro Rally In 2019?

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