British PM Recruits New Brexit Secretary After Shocking Late-Night Resignation

Britain's Secretary of State for Departring the EU David Davis arrives in Downing Street in London

That plan is now in tatters and her political future appears uncertain.

In a statement, Johnson savaged May's strategy, accusing her of allowing an optimistic Brexit vision to become clouded by a failure of ambition.

'That dream is dying, suffocated by needless self-doubt'.

The GBP/USD is hesitating near the 1.3300 major level As Monday's Brexit revelations roil Sterling traders and force the GBP back down as the chasm between Prime Minister Theresa May and hard-line Brexiteers within the parliament continues to widen.

"What matters for GBP markets is the type of Brexit delivered - not who delivers".

Mr Davis's departure just 48 hours after being part of the Cabinet that agreed to Mrs May's plans also triggered the resignation of departmental ally Steve Baker, while fellow Brexit minister Suella Braverman is also reported to have stepped down.

"It seems to me we're giving too much away, too easily, and that's a risky strategy at this time", Davis said in a BBC radio interview Monday morning.

Monday brings little to the field on the economic calendar for the GBP, with only a speech due at 07:50 GMT from the BoE's MPC member Broadbent, who will be delivering the opening remarks at the BoE-hosted Economics and Psychology conference.

At Least One Dead After Helicopter Crashes Into Townhouses, Causing Massive Fire
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"His replacement will be announced shortly".

Schinas said the bloc "will continue to negotiate in good will, bona fide, with Prime Minister Theresa May and the United Kingdom government negotiators in order to reach a deal".

Boris Johnson has resigned as Foreign Secretary, Downing Street has announced.

Critics of Brexit found such admissions astounding and evidence of chaos and lack of leadership - two years after the referendum and eight months before Britain leaves the union.

The ex Foreign Secretary said May was putting Britain on a track to having "the status of a colony". "This mess is all of the Prime Ministers own making", opposition Labour Party leader Jeremy Corbyn told lawmakers.

"What we are proposing is challenging for the European Union, it requires them to think again, to look beyond the positions they have taken so far and agree a new and fair balance of rights and obligations", she told parliament.

May won the backing of her Cabinet last Friday for a plan that would create a "U.K. -EU free trade area".

But leading pro-Brexit legislator Jacob Rees-Mogg said "I don't think a no-confidence vote is immediately in the offing".

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