The Prime Minister of Great Britain canceled the parliamentary vote, which was scheduled for December 11th and announced on Monday that the final agreement will be put to the vote on January 14.
The leader of the opposition Labor Party, Jeremy Corbyn, said that May has long been avoiding accountability in the parliament. He proposed a motion of censure for Theresa May as the prime minister, citing her "failure", which did not give her a chance to vote on a package of parting with the EU she negotiated. May, however, gained the confidence of the parliament. Theresa May responded in the parliament: "I know this is not everyone's perfect deal. It is a compromise. But if we let the perfect be the enemy of the good then we risk leaving the EU with no deal". This means that negotiating better, even ideal conditions can lead to a deterioration of the situation and leave the Union without a cooperation agreement. "Avoiding no deal is only possible if we can reach an agreement or if we abandon Brexit entirely."
She said the EU had offered "further clarification" on the most contentious aspects of the withdrawal agreement and her government was seeking "further political and legal assurances".
The UK - EU divorce negotiations are still on the table then, so let's take a look at the GBP/USD technical picture at the H4 time frame chart. The market has retraced 61% at the level of 1.2706 and reversed towards the nearest technical support at the level of 1.2659 with a low at the level of 1.2620. Since then the price is hovering around this level, but the momentum remains strong and positive, so there is still a chance for another spike higher to test the level of 1.2706 again. In the case of a further breakout, the market will likely move towards the level of 1.2795.
