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Brexit: PM warns of 'catastrophic breach of trust'

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Jeremy Corbyn to repeat general election demand to break Brexit 'deadlock'

"I think parliament is very committed to try to stop no-deal, but I think we have to recognise that there is a deal on the table, it does broadly deliver the Brexit people voted for, and if we don't find a way to get this through, we are taking some very big risks".

United Kingdom data disappointed, indicating shrinking business activity amid Brexit uncertainty.

Brexit minister Stephen Barclay told BBC TV that persuading enough lawmakers to support the deal would be "challenging" but that even if it was rejected, he suspected parliament would ultimately support something "along the lines of this deal". The monthly GDP was of 0.2%, better than the previous 0.1%.

British Prime Minister Theresa May has warned lawmakers that failure to back her plan to leave the European Union would be catastrophic for Britain, in a plea for support two days ahead of a vote in parliament that she is expected to lose.

From a technical point of view, the daily chart offers a bullish stance, as the pair has held throughout the week above a bullish 20 DMA, now gaining upward traction around 1.2680, as technical indicators maintain their upward slopes in positive levels, although with limited strength.

Labour is also facing calls to put forward a vote of no confidence in Mrs May and a general election could take place should the Government lose.

But in a possible sign that the tide is beginning to turn in favour of the Prime Minister's exit plan, four Brexiteer backbenchers have announced they will back it despite speculation they could vote against it.

Opposition Labour leader Jeremy Corbyn gave his clearest indication yet that his party is ready to call a no-confidence ballot within days of Theresa May losing a United Kingdom parliamentary vote on her Brexit deal.

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He has since become a vocal critic of the Government's Brexit plans, urging ministers to take a tougher stance in divorce talks.

Rejecting her proposed package, she said it "would be a catastrophic and unforgivable breach of trust in our democracy".

He suggested that he might force a vote of no-confidence "soon".

Mr Cable said this could be done by revoking Article 50, the mechanism which triggered the exit process, or by holding a second referendum.

Ian Blackford said MPs must take control of the Brexit process and ensure a no-deal outcome is avoided.

Asked during an interview on BBC TV about the possibility of a second Brexit referendum, Corbyn said: "My own view is that I would rather get a negotiated deal now if we can to stop the danger of a no-deal exit from the European Union on 29 March which would be catastrophic for industry, catastrophic for trade".

Brussels is reportedly expecting the British government to ask for an extension to Article 50, allowing Theresa May more time to get a deal through Parliament.

He described the prospect of no deal the same way as Corbyn.

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