Prime Minister Theresa May has lost another crucial Brexit vote in the U.K. Parliament as lawmakers again refused to back her deal to leave the European Union.
On Thursday stock market of London rose at the open, with share prices of multinationals climbing as the pound dropped in the wake of more Brexit uncertainty. The benchmark FTSE 100 index gained 0.4 percent to 7,219.53 points compared with the close on Wednesday.
British Prime Minister Theresa May met her closest ministers Monday morning and is expected to update the House of Commons on her Brexit strategy in the afternoon, amid continuing turbulence and confusion over the U.K.’s departure from the EU.
As members of Theresa May’s Cabinet shuffled into Downing Street this morning, reporters lobbed questions that focused on a central question: “Has the Prime Minister lost control?”
The British government has published its plans for trade tariffs and the Irish border in the event of a no-deal Brexit withdrawal from the European Union.
Spending on U.K. offices, malls and warehouses plunged more than 40 percent in the first two months of the year to 4.3 billion pounds ($5.6 billion), according to research firm Property Data. With less than three weeks left before the U.K.’s scheduled withdrawal from the European Union, buyers are watching to see if the attempts to prevent a chaotic no-deal withdrawal will succeed.
On Tuesday China’s yuan strengthened against the U.S. dollar, as the greenback slipped against the pound on firmer prospects of a Brexit deal and U.S.-Sino trade talks appeared to make further progress.