Traders will stay tuned into Brexit noise where the UK Prime Minister faces a series of challenging parliamentary votes on her plan to leave the customs union and single market after Brexit, but it will soon be time for the European Central Bank and FOMC.
They are rallying around an amendment giving the House of Commons power to send the government back to the negotiating table with Brussels if lawmakers don't like the terms of the Brexit deal struck with the EU.
Just hours before the vote, the pressure on Ms. May cranked up when a pro-E.U.
Government sources signalled to the Press Association that ministers were set to back the move.
327 MPs voted against the EEA, while 126 voted for it. Majority: 201.
The government averted defeat Tuesday by promising that Parliament would get more say over the U.K. -EU divorce deal.
After a dramatic day in Westminster where a late deal saw Theresa May stave off a Tory revolt, Mr McDonnell said: "I'm anxious at the moment by the experience of the last 24 hours and possibly the experience of the next 24 hours".
The frontpages of Leave-backing British newspapers said accepting the amendments would betray the 52% who backed Brexit in the seismic 2016 referendum. The Daily Express featured the British flag as its front page with the headline: "Ignore the will of the people at your peril".
"The time has come for our elected representatives to decide - are you or are you not the servants of the people?"
Britain's highest-selling tabloid, The Sun, which is owned by Rupert Murdoch, addressed lawmakers directly on its front page, saying they faced a choice between "Great Britain or Great Betrayal". "I trust our PM to honour the undertaking she gave".
May, who leads a minority government propped up by the small Northern Irish Democratic Unionist Party (DUP), conceded that "we need parliamentary support" to implement Brexit.
It would also give hard Brexiteers the chance to "scupper a good deal", she claimed.
She told BBC Radio 4's World At One that "at least half a dozen" junior ministers had been "very uncomfortable for some time" at the Government's direction on Brexit.
Other changes insisted upon by the Lords relating to the Charter of Fundamental Rights, principles of European Union law to be retained after Brexit and European Union environmental principles were also removed. May was fatally damaged by defeat, it could open the way for a hardline Brexiteer to take over the party and thereby the premiership. Anti-Brexit MPs had argued that removing the no-deal outcome was necessary for the vote to be a meaningful one. "It enables parliament to dictate to government its course of action in an worldwide negotiation". He added: "I understand the difficulties MPs representing constituencies which voted strongly for Leave or Remain have on the EEA amendment".
The concession was prompted by an amendment from Dominic Grieve which demanded MPs had a bigger say on the final withdrawal agreement.
Labour's Shadow Brexit Secretary Keir Starmer said that the only reason May's government had decided on a climb down was because 'they thought they were going to lose the vote'.
Britain is due to leave the European Union on March 29, 2019, and the bloc is frustrated with what it sees as a lack of firm proposals from the U.K about future relations.
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