U.K. Prime Minister Theresa May to step down if her Brexit deal gets through Parliament: reports

British Prime Minister Theresa May told backbenchers of her Conservative Party that she would step down if her Brexit deal is endorsed by Parliament, according to local reports. May’s withdrawal agreement, which she agreed with the European Union late last year, has been rejected twice by Parliament. The premier wants to put it to a third vote this week, but has run up against the Speaker of the House of Commons John Bercow, who said lawmakers couldn’t vote on the exact same deal twice. If May’s deal would get passed, she would step down ahead of the next phase of negotiations. U.K. parliamentarians are voting on a range of Brexit alternatives in so-called indicative votes later on Wednesday, which May’s government has been opposing. The British pound GBPUSD, -0.0455% was last up 0.3% at $1.3237, holding steady amid the reports of May’s possible departure.