Sterling plummets after United Kingdom attorney general says legal risks of Brexit unchanged

Sterling plummets after United Kingdom attorney general says legal risks of Brexit unchanged

The Prime Minister looks to be heading for another Commons defeat on her Brexit deal after the influential European Research Group recommended to its members not to back the deal.

More than two hours later - at 11:40 p.m. - the tired leaders sat down for a joint news conference to announce changes they both hope will now put an end to the tortuous negotiations that have defined the U.K.'s exit from the 28-country bloc.

Experts believe the last-minute agreement will have a significant impact on upcoming parliamentary votes.

MPs will vote on the deal at about 7pm. "We owe it to history".

Currency expert Stafford-Taylor added: "However, if parliament vote against May's deal there will be a fresh vote to consider tomorrow which could further influence to the pound's movement".

Many Brexiteers fear the backstop, aimed at avoiding controls on the border between the British province of Northern Ireland and EU-member Ireland, could trap the United Kingdom in the EU's orbit indefinitely.

The UK is set to leave the European Union on March 29, 2019.

The United Kingdom's labyrinthine crisis over European Union membership is approaching its finale with an array of possible outcomes, including a delay, a last-minute deal, a no-deal Brexit, a snap election or even another referendum. However, if they reject the deal, that kickstarts another set of possibilities.

More news: New York Mafia chieftain gunned down in front of mansion

Talks have been ill-tempered and optimism faded over the weekend. "Today we have secured legal changes", she said. But at 5.15 p.m.

But the Attorney General said the "legal risk remains unchanged" and the "fundamental circumstances remained the same".

MPs said they would wait for the attorney-general to present his opinion before deciding on voting for the agreement or not.

Other EU nations had urged British politicians to seize the chance to back the deal and ensure an orderly departure. "We won't know what conditions will be attached", Brexit minister Stephen Barclay told BBC radio.

However, RTE reports the the DUP will likely "hedge their bets" and while not supporting the deal tonight will ultimately switch to support Mrs May.

"It is hard to see what more we can do", the statement said, adding that the latest vote "significantly increased" the likelihood of a no-deal Brexit. A panel of euro-skeptic politicians will examine May's latest blueprint in detail, he said. "There will be no third chance... it is this deal or Brexit might not happen at all", Juncker said, issuing a stark warning to Britain's MPs over the importance of the parliamentary vote in the United Kingdom on Tuesday.

Critics argue that giving MPs less than 24 hours to make their decision is inadequate, nevertheless, May is hoping that parliament will rally behind her "improved" deal and put an end the Brexit chaos, at least for now.

-With assistance from Dara Doyle, Nikos Chrysoloras, Kitty Donaldson, Jonathan Stearns and Alan Crawford.

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