Home United States USA — Political Sterling plummets on reports UK government could pull Parliament's vote on Brexit

Sterling plummets on reports UK government could pull Parliament's vote on Brexit

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Prime Minister Theresa May has gathered her senior aides at a Monday morning meeting in 10 Downing Street.
Reports that Tuesday’s Brexit vote in the U. K. parliament has been delayed by Prime Minister Theresa May has sent sterling reeling.
The pound fell to $1.266, a level not seen since June 2017, following several media reports that May had gathered senior aides at a Monday morning meeting in 10 Downing Street to discuss pulling the vote.
The pound also extended losses versus the euro, trading down by 0.7 percent to 90.18 pence.
The political editor of The Sun newspaper said on Twitter that the meeting would decide the fate of the vote.
That assertion was supported by the BBC’s political editor who said she had heard that the vote would likely not happen on Tuesday.
However, in a phone call to CNBC, a press officer to 10 Downing Street said the vote was still on track for Tuesday night.
« The spokesperson gave a briefing not long ago to say that the vote is going ahead tomorrow as planned. There is nothing else to add at this stage. »
Members of the U.

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