That didn’t take long.
The pound surged on Tuesday morning, sending it close to $1.32, following reports that Prime Minister Theresa May is expected to throw her support behind the Malthouse plan, a sign that May is finally willing to do whatever it takes to win over the support of the DUP after the party was reluctant to back her plan to support the Brady Amendment, which would have called for replacing the backstop with an “alternative arrangement.”
In a statement Tuesday morning, May said Parliament must unite behind one of the amendments to send a massage to the EU about “what we want on Brexit.” “Today we have the chance to show the EU what it takes for a deal.”
“I want to go back to Brussels with the clearest possible mandate to secure a deal that this House can support,” May said.
If a Valentine’s Day meaningful vote on May’s deal fails, May promised to bring a vote on the amended deal the next day, according to Bloomberg, which highlighted the dominant theme from May’s remarks.
“Clearest possible message to Brussels” is rapidly emerging as May’s preferred catchphrase in this statement.
Here’s the statement on the DUP announcing its support for the Malthouse plan.
Full statement from Arlene Foster pic.twitter.com/jhbCAC7buG
— Harry Yorke (@HarryYorke1) January 29, 2019
The Malthouse plan, proposed by Tory Kit Malthouse, calls for renegotiation of the backstop, plus a Brexit-transition extension and a paid-for “standstill” period if backstop negotiations fail
In other news, the Cooper amendment, which calls for a delayed Brexit, has been selected for a vote, along with a handful of other amendments.
via ZeroHedge News http://bit.ly/2UsisCa Tyler Durden