UK's Barclay says no-deal Brexit far more likely if parliament rejects May's deal

Comments by UK Brexit minister Stephen Barclay

Not the kind of headlines that will help relieve pressure off the pound as we await fresh developments on the Brexit front. As a reminder, UK lawmakers are set to return from their break on 7 January before debating on May's Brexit deal starting from 9 January.

The meaningful vote is set to take place in the Commons some time before 21 January.