U.K.’s FTSE 100 opens 0.1% lower at 7,762.04

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U.K. lawmakers hand PM May a win by defeating key Brexit-bill amendment

The U.K. House of Commons on Tuesday rejected a proposal that would have given Parliament the final say on terms of the U.K.’s exit from the European Union if no deal could be reached with European Union negotiators. The vote of 324 to 298 is considered a win for Prime Minister Theresa May. The upper House of Lords in March sought a “meaningful vote” amendment to the bill that takes the U.K. out of the EU. The pound bought $1.3400 after Tuesday’s vote, edging back from $1.3417 just before the vote. The pound had risen above $1.3400 late in Tuesday’s session after the government defeated five other amendments put forth by the House of Lords. Debate on other amendments will continue on Wednesday, then the Brexit bill will be sent back to House of Lords.

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