May on Tuesday will propose to her cabinet of senior ministers that she formally rules out a no-deal Brexit, opening the door to a delay of weeks or months to the March 29 exit date, The Sun newspaper reported. 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 to a 21-month high against the euro and against the dollar rose 1 percent to $1.3225, the highest level since Oct. 2018. It was not immediately clear how explicitly May would rule out a no-deal. Labour’s Brexit spokesman Keir Starmer added an additional twist to the political chaos in London by saying that even if May’s deal was passed by March 12 it should face a public vote.

Source: bd News24 February 26, 2019 11:03 UTC