BREXIT LIVE: Pound PLUMMETS - Government fears May’s deal STILL lacks support to win vote Sterling sunk 0.6 percent to a one-week low against the US dollar at $1.3097, and slumped half a percent against the euro at 86.47 pence. The British currency’s sudden drop has reversed last week’s surge as investors become spooked about the sort of Brexit deal Britain and the EU will agree to and when - or possibly even - it will occur. The pound, which gradually recovered during the day, had been one of the best-performing currencies so far in 2019, and had risen sharply just days ago as investors bet a no-deal Brexit would be avoided and Britain’s exit from the bloc delayed. Read More: Macron anti-Brexit RANT: French President brands Brexit a ‘DANGER’ to the EU and a ‘TRAP’Chief Whip Julian Smith has told the Cabinet the next meaningful vote on March 12 will be “tight” as the Government fears it doesn’t have the backing required for Mrs May’s Brexit deal to get through Parliament, according to Bloomberg. Sterling has fallen after Shadow Chancellor John McDonnell was quoted as saying only a handful of MPs are willing to back the Prime Minister’s proposed deal on March 12.The British currency has also been hurt by reports the EU’s chief negotiator Michel Barnier, Britain’s Attorney General Geoffrey Cox and Brexit Secretary Stephen Barclay are unlikely to make a breakthrough in the impasse centred around the Irish border. Read More: Macron’s EU Blow: Another key ally of French president LOSES interest in himThe pound plummeted after fears grew Theresa May's Brexit deal will b...
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