Wall Street Breakfast: Brexit May Day

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It's likely the final throw of the dice for a prime minister who has run out of options. Theresa May's proposal to give MPs a vote on whether to hold a second Brexit referendum if they approve her withdrawal agreement appears to have fallen flat on its face, as well as new guarantees for the Irish backstop and a "compromise" over a temporary customs union. The calls for her resignation are now getting louder, with sterling off another 0.3% to fresh lows of $1.2663 amid renewed risks of U.K. turmoil and uncertainty. May's Tory party is also bracing for defeat in tomorrow's European elections - a poll the U.K. wasn't meant to take part in, but has been forced to due to a delayed Brexit.

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