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Pounds falls as May agrees to discuss her exit plan

  • The British pound weakens 0.4% against the U.S. dollar after embattled U.K. Prime Minister Theresa May agrees that next month she'll set out a schedule for her exit.
  • Investors are anticipating more political turmoil and the possibility that hardline Brexiteer will replace May.
  • Before the PM succession, she'll try for a fourth time early next month to get her Brexit deal approved in Parliament.
  • Previously: Date set for next Brexit deal vote (May. 15 2019)ETFs: FXB, EWU, OTC:GBB, DBUK, FKU, HEWU, QGBR, DGBP, FLGB, UGBP

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