Pound Slips as U.K Lawmakers Reject Amendment to Extend Brexit Deadline By Investing.com


© Reuters.

Investing.com – U.K. lawmakers on Tuesday rejected an amendment to the extend the deadline for the UK to leave the European Union.
Labour MP Yvette Cooper’s amendment, which sought to extend Article 50 if MPs fail to approve the Withdrawal Agreement by Feb. 26.
fell 0.50% to $1.3096.
The series of amendments to the Withdrawal Deal focuses on resolving the Irish backstop issue and ensuring Britain does not leave the EU without a deal.
Theresa May will head to Brussels and seek to persuade EU lawmakers to consider amendments to the Withdrawal Deal. The EU, however, has been reluctant to reopen the withdrawal deal, which suffered on of the biggest defeats in U.K. parliamentary history on Jan. 15.
U.K. lawmakers continue to vote on other amendments to the Withdrawal Agreement, including the Brady Amendment.
The Spelman no-deal Amendment, put forward by Conservative lawmaker Caroline Spelman, seeks to ensure the UK will not leave the EU without a deal.

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