May risks facing 'no confidence' vote without EU deals

London

PARLIAMENT likely to vote against Prime Minister Theresa May's Brexit draft deal unless she obtains compromises from EU in the final accord

Sterling plunged by 1.5 per cent, the biggest percentage in a year, on fears that the UK could crash out of the European Union (EU) without a deal. Against the US dollar, the pound traded under 1.28, The stock market rose slightly because nearly two-thirds of the FTS100 index comprises exporters, but shares of housebuilders and other companies relying on the domestic economy,tumbled.