Search ForexCrunch

After senior conservatives turned down rules to allow a leadership challenge, Sky News came out with a news report stating that the UK PM Theresa May is preparing for her next Brexit battle, with a plan to give MPs a vote on the key piece of legislation to take the UK out of the European Union as early as next week.

The report further said that the prime minister is now getting ready to ask MPs to ratify her Brexit deal by introducing the Withdrawal Agreement Bill (WAB), which enshrines her Brexit plan into UK law, in the coming days.

It should be noted that the GBP/USD pair dropped to the lowest in nine-weeks on Wednesday and is near to the same 1.2900 area during early Thursday.