Theresa May says U.K. lawmakers must accept her Brexit deal or nothing

British Prime Minister Theresa May told the BBC that U.K. members of parliament must choose between her outline for a controversial deal with Brussels on exiting from the European Union or no deal at all. In an interview with the BBC’s Panorama program that aired Monday, May said that if parliament doesn’t ratify her plan, known as the Chequers plan, “I think that the alternative to that will be having no deal.” A so-called no-deal Brexit would see the U.K. leave the EU on March 29 with no agreement in place on trade and other issues. The British pound GBPUSD, +0.0152% rose 0.7% to $1.3161 on Monday, lifted by optimism over U.K.-EU Brexit talks.

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