U.K. lawmakers voted overwhelming in favor of a government motion to ask the European Union for an extension to the March 29 deadline for Britain to leave the European Union in order to allow for more time to establish a majority for Britain's post-Brexit future.
The motion was passed by a count of 412 to 202, with cross-party support from both Prime Minister Theresa May's Conservatives and members of the opposition parties known as Labor and the Liberal Democrats. May will now ask for formal permission from the EU to extend the March 29 deadline, although Brussels will first need to seek unanimous agreement from leaders of all 27 EU member states.
May will have one final chance, before March 20, to bring her twice-defeated Brexit deal to parliament. If it passes, she'll ask for a "technical extension" to the deadline until June 30. If it fails, the government will seek a longer one, perhaps as many as several months or longer.
The pound held near nine-month highs of 1.3233 against the U.S. dollar following the vote, having trimmed gains from earlier in the session following critical comments on Brexit negotiations and trade from U.S. President Donald Trump.
Trump said he was prepared to negotiate a "large scale" trade agreement with the United Kingdom after it leaves the European Union, but chided the Prime Minister for her negotiating stance, saying she "didn't listen" to his advice.
"I'm surprised how badly it's all gone from the standpoint of a negotiation," Trump told reporters in the White House. "I gave the Prime Minister my ideas on how to negotiate it, and I think it would have been successful. She didn't listen to that, which is fine, but I think it could have been negotiated in a different manner."