Free Republic

London (AFP) - Prime Minister Theresa May suffered her second defeat in a week over Brexit Tuesday when the House of Lords voted to give parliament the final say on how Britain leaves the European Union. Peers voted by 366 to 268 to amend the bill empowering May to trigger Article 50 of the EU's Lisbon Treaty, the formal notification of Brexit which she has promised to issue by the end of March.

Markets around the world have been roiled by the shock result: In Japan the Nikkei 225 was down some 7.5 percentSterling has fallen 10 percent against the dollar and 3.35 percent against the euro.The prices of Brent and WTI have both dropped some 5.8 percent.The yield on the 10-year U.S. Treasury bond has fallen 12.5 percent.Dow futures now down 700 points