Brexit Heads for Delay as May Tries to Scare Up Support for Deal

The U.K. is on course to delay Brexit and open the door to a radical re-write of the terms of its divorce from the European Union after recoiling from an economically disastrous no-deal split. The pound climbed to its highest level since June after Parliament on Wednesday evening rejected leaving the EU after 46 years without an agreement in place to keep trade flowing. The EU has suggested it’s open to a delay until late May, although officials say they will need Britain to give a clear reason for pushing back the deadline.

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