HomeLive CommentsSterling mildly lower as three Conservatives quit over disastrous handling of Brexit

Sterling mildly lower as three Conservatives quit over disastrous handling of Brexit

In UK, three Conservative lawmakers announced to quit the party today, for “this government’s disastrous handling of Brexit.” Heidi Allen, Anna Soubry and Sarah Wollaston complained that “we no longer feel we can remain in the party of a government whose policies and priorities are so firmly in the grip of the ERG and DUP”

Prime Minister Theresa May’s position ahead of the crucial Brexit meaningful vote appeared to be weakened. Together with coalition DUP, May only has a working majority of 7 seats. However, the three are seen as defects who’ve often voted against the Brexit plan. Thus, their votes couldn’t be counted on anyway.

May said she’s “saddened by this decision”. But she reiterated that “by delivering on our manifesto commitment and implementing the decision of the British people we are doing the right thing for our country. And in doing so, we can move forward together towards a brighter future.”

Sterling appears to weaken mildly after the news.

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