{"id":142565,"date":"2019-02-26T11:30:32","date_gmt":"2019-02-26T16:30:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142565"},"modified":"2019-02-26T11:02:21","modified_gmt":"2019-02-26T16:02:21","slug":"uk-pm-under-pressure-as-ministers-threaten-to-resign-over-no-deal-brexit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/uk-pm-under-pressure-as-ministers-threaten-to-resign-over-no-deal-brexit\/","title":{"rendered":"UK PM Under Pressure As Ministers Threaten To Resign Over \u201cNo Deal\u201d Brexit"},"content":{"rendered":"
February 26, 2019<\/div>
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By Orbex<\/strong><\/p>\n

Theresa May is holding an emergency cabinet meeting with ministers\u00a0today\u00a0as she continues her long struggle to secure a Brexit deal. As ever, the pressure is on for the beleaguered PM.<\/p>\n

Three pro-remain cabinet ministers have threatened to resign if May does not take a \u201cno deal\u201d Brexit off the table. Indeed, reports also indicate that others are willing to follow them. Pro-Remain MP\u2019s are pushing for an extension of the current Article 50 deadline of March 29th<\/sup>.<\/p>\n

May has just returned to the UK following the weekend summit in Egypt where she met with several EU leaders. There, she continued to try to deliver a passable solution to the\u00a0Irish backstop issue<\/a>\u00a0plaguing negotiations so far.<\/p>\n

Speaking with reporters ministers Richard Harrington, Claire Perry, and Margot James said that a solution \u201cwould be greeted with relief by the vast majority of MPs, businesses and their employees.\u201d They fear that a no deal situation risks the UK being \u201cswept over the precipice.\u201d<\/p>\n

Currently, reports suggest that May is considering offering parliament another vote. This will be on whether to seek an extension to Article 50 or to press ahead and risk a\u00a0no deal Brexit<\/a>. On the other side of the coin, opposition leader Jeremy Corbyn has now announced that he is officially backing a second referendum. This decision finally came after Corbyn refused to comment one way or the other over recent months.<\/p>

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Free Reports:<\/p><\/div>\r\n

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Technical Perspective<\/strong><\/h2>\n

\"gbpusd\"<\/a><\/p>\n

GBP is rallying hard today on the prospect of a Brexit extension. Price is currently challenging the 1.3217 level resistance, piercing above the level to post a new 2019 high. Above here, bulls will be looking for a break of the 1.3304 Q3 2018 high to signal a full bullish reversal, targeting completion of the ABCD move into 1.3552.<\/p>\n

By Orbex<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex Theresa May is holding an emergency cabinet meeting with ministers\u00a0today\u00a0as she continues her long struggle to secure a Brexit deal. As ever, the pressure is on for the beleaguered PM. Three pro-remain cabinet ministers have threatened to resign if May does not take a \u201cno deal\u201d Brexit off the table. Indeed, reports also […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-142565","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142565"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142565\/revisions"}],"predecessor-version":[{"id":142572,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142565\/revisions\/142572"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}