Cox also stressed that the legal risk remains unchanged that Britain would have no legal means of exiting without agreement of the European Union.
The cross crashed around 320-pips, eroding a major part of the previous session's goodish up-move and was further pressurized by a modest pull-back in equity markets, which provided a minor lift to the Japanese Yen's safe-haven status. Today, we have secured those changes.
Intensive discussions led by the Labour MPs Stephen Kinnock and Lucy Powell are under way over the wording of a potential backbench amendment that might be close enough to Labour's version of Brexit to allow the leadership to support it.
With just a little over two weeks until the deadline of March 29, May has stated that she will hold a vote Wednesday to determine whether or not the United Kingdom should pursue a no-deal Brexit if Parliament votes down the measure on Tuesday.
"If she comes forward with a process on Thursday then that would be a way forward ... but if she doesn't that is when we will be looking at possible amendments or other approaches ... to make sure you can get indicative votes", Cooper said in a speech at the Centre for European Reform.More news: Quinton de Kock on fire again as SA stroll past Sri Lanka
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May, who said that she "profoundly rejects" the decision taken by the house, added that Tory MPs will be given a free vote on the no-deal motion on Wednesday. Mrs May has struggled to get a legally binding guarantee from the European Union that the backstop would be temporary, as desired by Eurosceptic members of her party.
HuffPost UK understands the DUP can not back May's deal in light of Cox's advice, and are likely to be followed by scores of Tory Brexiteers who have said they will be guided by the Northern Irish party.
You may have read in the last day that she won a "revised deal" in Monday night talks with European Commission President Jean-Claude Juncker, but all she really got was repeated assurances that no-one in the EU wants the crucial Irish backstop mechanism (explained here) to be permanent, leaving the United Kingdom indefinitely tied into a customs union with the EU if the two sides fail to strike a new trade agreement in the next couple years. "We have a deal on the table which does exactly do this".
"The House was clear on the need for legally binding changes to the backstop".
The main sticking point is a measure to ensure the border between Northern Ireland and Ireland remains open, a key issue for Varadkar's government.