The U.K. government prevailed in legal challenges related to the U.K.'s pending exit from the European Union, media reports said Friday, sending the pound to an intraday low of $1.2125. The Northern Ireland High Court ruled the government is able to launch Brexit talks with the EU without holding a parliamentary vote. Politicians from Sinn F�in, the Alliance Party, the Green Party and the Social Democratic and Labour Party, according to the BBC, had raised a pair of legal challenges for their stance that the U.K. government, led by Britain's Prime Minister Theresa May, could not trigger Article 50 without a parliamentary vote. Northern Ireland in June voted 56% to 44% in favor of remaining in the EU.
Copyright © 2016 MarketWatch, Inc.
Continue Reading Below