If May does rule out a no-deal, it would mark one of the biggest turning points in the United Kingdom's labyrinthine Brexit crisis since the shock 2016 referendum vote to leave the European Union. After the British parliament voted 432-202 against her divorce deal in January, the worst defeat for a government in modern British history, May has tried to use the threat of a potentially disorderly no-deal Brexit to get concessions out of the EU. The Daily Mail newspaper said May is ready to rule out a no-deal Brexit after as many as 15 ministers said they were ready to resign. Sterling, which has lost about 20 cents against the dollar since the 2016 Brexit referendum, rallied against the dollar and the euro while the FTSE 100 fell 0.7%. It was not immediately clear how explicitly May would rule out a no-deal.

Source: Dhaka Tribune February 26, 2019 15:33 UTC