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Brexit Opposition Mounts

U.K. Brexit agreement may not happen unless politicians’ hands are forced by more pound volatility.

By Charlotte Ryan | Updated on November 12, 2018

While the pound has slumped almost 2 percent in just three days, it may take more market drama to mount pressure on U.K. politicians to agree on a Brexit plan, according to Royal Bank of Canada.

Sterling slid as much as 1.1 percent Monday amid media reports suggesting that the U.K. prime minister’s plan for leaving the European Union is increasingly unlikely to make it through Parliament. A group of pro-Brexit Conservative Party lawmakers and Northern Ireland’s Democratic Unionist Party, which supports May’s government, joined forces to publish an article in the Sunday Telegraph saying they are prepared to vote down the premier’s proposals.

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