10.12.201817:48 Forex Analysis & Reviews: The pound has updated lows due to the cancellation of the Brexit vote

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At the beginning of the week, the pound sterling was under pressure due to reports that British Prime Minister Theresa May could cancel the vote on the Brexit terms agreement to avoid defeat, which is likely to result in her government's resignation.

At 16:00 London time, the GBP / USD currency pair dropped to 1.2633, the lowest level in a year and a half, having lost about 1% of its value during today's trading.

The Bloomberg news agency reported that May may withdraw from Parliament a bill agreed with Brussels on the conditions for Britain's withdrawal from the European Union, as a defeat on the issue could lead to the government's resignation.

The European Commission speaker said today that the EU is not going to revise the agreement, adding that the European Union is ready for any scenario.

Earlier, the European Court also ruled that the UK has the right to unilaterally withdraw a statement of withdrawal from the EU.

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