Theresa May

The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes, reported BBC. 

The vote opens up a range of outcomes, including no deal, a renegotiation of Mrs May's deal, or a second referendum.

Sterling rose 0.05% to $1.287 after declines of more than 1% earlier in the day.

Britain's parliament on Tuesday resoundingly rejected Prime Minister Theresa May's Brexit deal, triggering a no-confidence vote in her government and plunging its plans to leave the EU into further chaos, reports AFP.

President Klaus Iohannis said on Wednesday that the British government must clarify its position after the landslide defeat in the UK Parliament of the Brexit agreement negotiated by Conservative Prime Minister Theresa May.

Iohannis considers that the decision of the British Parliament is regrettable.

Prime Minister Theresa May will on Wednesday face a confidence vote after MPs overwhelmingly rejected her deal to leave the European Union, leaving Britain with no plan as it hurtles towards Brexit on March 29, reports AFP. 

British Prime Minister Theresa May urged lawmakers on Jan. 14 to take a "second look" at her deal to leave the European Union, a last-ditch effort to win over a parliament that looks set to reject the agreement.

Prime Minister Theresa May will on Jan. 14 repeat weekend warnings to MPs poised to reject her EU divorce deal that failing to deliver Brexit would be "catastrophic" for British democracy.

Britain's business minister on Thursday warned that the prospect of crashing out of the European Union without an agreement would be "disastrous" for the country, as fractious MPs prepare to vote on a contentious Brexit deal, reports AFP. 

MPs will begin debating Theresa May's Brexit plan again on Wednesday, nearly a month after she postponed the crunch Commons vote on her agreement, reported BBC. 

There will be five days of discussion on the terms of the UK's withdrawal and future relations with the EU ahead of an expected vote next Tuesday.

British Prime Minister Theresa May has been urged to delay the "meaningful vote" on her Brexit deal for a second time, reported rte.ie

Former Brexit secretary David Davis has speculated the vote could be put off if Mrs May looks likely to lose it.

The European Union on Wednesday adopted back-up plans to protect essential air transport and finance in the event that Britain leaves the bloc without a Brexit deal in 100 days, reports AFP.

And the bloc also promised that British citizens living in Europe would continue to enjoy residents' rights "provided that this approach is reciprocated by the UK".