Pound shrugs off cabinet's Brexit deal approval
By Oliver Haill
Date: Thursday 15 Nov 2018
(Sharecast News) - Huge doubts remained about Brexit across Westminster and in financial markets after Prime Minister Theresa May's cabinet "collectively approved" a withdrawal agreement with the European Union.
May told reporters outside Downing Street that she believed "with my head and my heart" that the deal was the best one for the UK, but said the other options were a no-deal Brexit or "no Brexit at all".
At least nine members of the cabinet raised strong objections to the deals during a five-hour meeting and, facing hostility to the deal and her continued role as party leader, May admitted that she faced "difficult days ahead".
Having been signed off by the cabinet, the deal still needs to clear several more hurdles will now have to go to a special EU summit later this month, before being put before the House of Commons in early December.
The pound, which has been the key gauge of financial market sentiment over Brexit, was little moved on Wednesday evening and into Thursday morning, down 0.1% versus the euro at 1.1482 and up 0.2% against the dollar to 1.3020.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN