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UK government delays Parliament vote on Brexit, pound slides

Published 12/10/2018, 10:48 AM
© Reuters.  UK government delays Parliament vote on Brexit, pound slides
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  • British pound falls 1.1% against the euro and 0.9% against the U.S. dollar as Theresa May addresses the UK's House of Commons announcing a delay in the Brexit pact vote.
  • May cites "widespread and deep concern" on the Irish border backstop facet of Brexit.
  • Laughter erupted several times during May's address.
  • "Backstop is now an uncomfortable arrangement for the EU," she said.
  • Looking at new ways to empower House of Commons to make sure the backstop isn't in place indefinitely.
  • May still feels the majority of the House wants Brexit.
  • If Parliament wants a second referendum, "Be honest that this risks dividing the country again," May says.
  • Leader of opposition responds that "Government has lost control."
  • Previously: British pound falls as May delays Brexit vote (Dec. 10)
  • ETFs: FXB, EWU, GBB, DBUK, FKU, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: Global Growth And Brexit Fears Dominate Proceedings


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