Reports emerging Wednesday from Westminster suggest that British Prime Minister Theresa May is set to resign, according to Sky News.
It was reported earlier in the day that May was on her way to visit the Queen for her usual meeting.
May has laid out a fresh plan to get Parliament to back the Brexit divorce package, with the prospect of a second Brexit referendum and other concessions to entice opposition lawmakers to ratify the deal.
May has urged members of parliament to back what she described as a "new" Brexit deal, but many are criticial, saying the deal isn't new at all.
Chief Sky News political correspondent Jon Craig tweeted:
May faced calls to resign Wednesday amid a backlash against her Brexit plan from Conservative MPs.
There is a full-scale revolt over May's new Brexit deal, with Conservative MPs calling for a change in the party rules to facilitate a leadership challenge.
On Wednesday the iShares MSCI United Kingdom Index EWU was trading down 0.69 percent at $32.48, while the Vanguard FTSE European ETF VGK was trading down 0.22 percent at $53.91.
Related Links:
May's Brexit Deal Shot Down For A Third Time; PM Sees 'Grave' Implications
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.