Pound LIVE: GBP Sterling holding ground against euro as May prepares for Brexit WARNING

Pound live: Theresa May is set to issue a warning over a second Brexit referendum (Image: GETTY)

Sterling is trading at €1.1123, according to data from Bloomberg at 10:05 GMT, and is slightly down from the open of €1.1127. Against the US dollar, the pound is trading at up at $1.2607. In latest Brexit news, Prime Minister Theresa May is set to warn MPs that a second referendum on Britain leaving the EU would “break faith with the British people”. Mrs May will condemn calls for a second Brexit referendum in an address to the Commons as the Conservative Party leader battles to ease Cabinet tensions over her withdrawal agreement.

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The Prime Minister will say a new national poll would do “irreparable damage” to the integrity of British politics.

Mrs May will say: “Let us not break faith with the British people by trying to stage another referendum.

“Another vote which would do irreparable damage to the integrity of our politics, because it would say to millions who trusted in democracy, that our democracy does not deliver.

“Another vote which would likely leave us no further forward than the last.

Pound euro exchange rate: Latest movement from the GBP-EUR pairing (Image: BLOOMBERG)Pound us dollar exchange rate: Latest movement from the GBP-USD pairing (Image: BLOOMBERG)

Let us not break faith with the British people by trying to stage another referendum

Theresa May

“And another vote which would further divide our country at the very moment we should be working to unite it.”

The appearance follows Mrs May’s de facto deputy, Cabinet Office Minister David Lidington, and the Prime Minister’s chief of staff, Gavin Barwell, both dismissing reports they are planning for a new referendum.

But Business Secretary Greg Clark suggested Parliament should be “invited to say what it would agree with” if MPs vote down the Prime Minister’s Brexit deal.

Asked whether he was tempted to give MPs a range of options to vote on, he told BBC Radio 4’s Today programme: “I think, obviously, it’s important once the Prime Minister has finished her negotiations with other European leaders and the Commission that Parliament votes on that.

“If that were not to be successful, we do need to have agreement.

“We can’t just have continuing uncertainty and I think Parliament should be invited to say what it would agree with, and that’s something that I think businesses up and down the country would expect elected members to take responsibility, rather than just be critics.”

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