Sterling adds to gains as May announces Labour talks

A No-Deal Brexit—With Its Catastrophic Consequences—Is Coming Into Clearer View

The vote comes after Theresa May and left-wing Labour Party leader Jeremy Corbyn sought a compromise deal to prevent an abrupt British departure from the European Union.

However, by approaching Corbyn, a veteran socialist deeply disliked by many Conservatives and mocked by May herself as unfit to govern, she risks enflaming Conservative divisions.

"However, with some colleagues unwilling to support the government. this is the only way to deliver the smooth, orderly Brexit that we promised".

He said the meeting was "useful, but inconclusive", and talks would continue.

"She added that Brexit is a decisive moment in our history and we must come together to deliver for people in Scotland and the whole of the United Kingdom".

In a statement following the meeting, Mr. Corbyn said that he had put the party's perspective to the Prime Minister, in particular its push for a customs union with the EU, as well as well as strong guarantees around workers and consumer rights and environmental protections in line with E.U. standards. But most lawmakers are opposed to leaving without a deal.

In the past two weeks, rank-and-file politicians have taken control over the Parliamentary agenda in an attempt to solve the crisis themselves.

The talks provide a final opportunity for the U.K.to avoid a no-deal Brexit after Ms.

If not, it's expected that Members of Parliament (MPs) will vote on a range of options about what to do next.

Britain's Speaker John Bercow addresses MP's in the Palace of Westminster in London at the vote. He said that was in keeping with the principle that "it is not for the chair to create a majority that otherwise doesn't exist".

More news: ‘No-deal Brexit might mean recession in Britain, EU’

"Even if, after today, we don't know what the end result will be, let us be patient", EU Council president Donald Tusk said.

Meanwhile, May's move infuriated pro-Brexit Conservatives who say Britain must make a clean break with the European Union in order to take control of its laws and trade policy.

Brexit secretary Steve Barclay has warned that United Kingdom participation in European Parliament elections would be "damaging" for United Kingdom politics.

May has been unable to persuade a hardcore eurosceptic group of own lawmakers to back the divorce agreement she struck with the European Union because they argued it did not provide a decisive break with Europe.

"If it has not done so by then, no further short extension will be possible".

The dramatic move came as MPs in parliament failed again to reach a consensus on what path to follow on Brexit.

"It is regrettable that what we have been saying for several months now is coming to pass, but that is the remorseless logic of not backing the prime minister's deal".

May tore up her steadfast strategy and sought Labour leader Jeremy Corbyn's support in a surprise last-minute gesture that could determine the fate of the country and her government.

It is up more than 1.3% from yesterday's low of $1.3015, struck after MPs' failure on Monday to agree an alternative plan to May's withdrawal agreement pushed Britain closer to a no-deal Brexit, the worst scenario for sterling.

Mr Lavery twice defied the Labour whip to abstain on amendments seeking a second referedum in the indicative votes.

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