BREAKING: UK attorney general says changes to Brexit deal reduce but don't eliminate risk Britain could be tied to EU indefinitely.
The pound has slumped by more than 1 percent against the dollar after the British Attorney General’s assessment of Prime Minister Theresa May’s reinforced expectations that lawmakers will reject it.
Minutes after Cox’s advice, the pound was 1.1 percent lower at $1.3014, almost two cents down from where it was earlier. The opinion is a blow to May’s hopes of persuading pro-Brexit lawmakers to vote for her deal in Parliament on Tuesday. Germany’s EU affairs minister, Michael Roth, called it “a far-reaching compromise. For the EU it’s of utmost importance that the integrity of the single market be preserved, and that there be no hard border between Northern Ireland and Ireland.”
European Affairs Minister George Ciamba of Romania, which has the EU presidency, held out “hope this will be a game changer...but we shouldn’t pre-judge the outcome of the vote in the Commons...a disorderly exit would be the worst scenario.′8:50 a.m.
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