>> A back down on the terms of Brexit. UK Prime Minister, Theresa May, has accepted a call for MPs to have some scrutiny of her plans to leave the EU. That news cushioning sterling on Wednesday, lifting it about 1.5% after steep losses. Parliament is set to debate a Labour Party motion, calling for a full debate on the government's Brexit strategy.
And for law makers to scrutinize that plan before the divorce is triggered. May effectively accepted the motion late Tuesday, on the condition MPs don't block Brexit or undermine the UK's negotiating position. MPs on both sides of the house are worried that May could try to quit the single market, a so-called hard Brexit.
Top bankers on Tuesday warning they could start moving staff abroad as early as next year without any further clarity on the government's plans.>> Do we have a plan for Brexit, we do.>> May has repeatedly say she doesn't intend to give a running commentary on negotiations.