11/03/2019 – This Morning’s Exchange Rates
- Posted by currencies in Rate Alerts
- March 11, 2019
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Theresa May faces another Brexit humiliation after two major euro sceptics warned they would vote down her divorce deal because she had failed to win concessions from the European Union.
The United Kingdom is due to leave the EU on March 29, May is scrambling to secure last-minute changes to an EU exit treaty before parliament votes tomorrow on whether to approve the deal.
If the deal, which was voted down in January, is defeated again then lawmakers will vote on Wednesday on leaving without a deal on March 29 and, if they reject that then they will vote on Thursday on delaying Brexit.
The ultimate outcome remains unclear, though most diplomats and investors say Brexit will define the United Kingdom’s prosperity for generations to come.
Brexit could be reversed if lawmakers reject the government’s exit deal, British foreign minister Jeremy Hunt said on Sunday.
“We have an opportunity now to leave on March 29 or shortly thereafter and it’s important we grasp that opportunity because there is wind in the sails of people trying to stop Brexit,” Hunt told the BBC.
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