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09 July 2018, 10:24 | Glen Norman
Media playback is unsupported on your device Media caption David Davis explains why he resigned
Schinas said the bloc "will continue to negotiate in good will, bona fide, with Prime Minister Theresa May and the United Kingdom government negotiators in order to reach a deal".
The GBP/USD is hesitating near the 1.3300 major level As Monday's Brexit revelations roil Sterling traders and force the GBP back down as the chasm between Prime Minister Theresa May and hard-line Brexiteers within the parliament continues to widen.
"The general direction of policy will leave us in at best a weak negotiating position, and possibly an inescapable one", Davis said in his resignation letter to May.
The Brexit secretary became the fifth cabinet minister to step down in under a year after Amber Rudd, Michael Fallon, Priti Patel and Damian Green vacated their positions.
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When the Conservatives returned to power in 2010, he spent his time on the backbenches campaigning on civil liberties issues. Labour Party chairman Ian Lavery said: "This is absolute chaos and Theresa May has no authority left".
Leading proponents of Brexit called on her to abandon the deal struck with the Cabinet last Friday at Chequers, her country retreat outside London.
Davis said he could not support May's plan to maintain close trade and regulatory ties with the European Union, which he said gave "too much away, too easily". I'd have to do something I didn't believe in, " he told the BBC.
Conservative MP Marcus Fysh on Monday also refused to give his support to the prime minister, describing the government's policy as a "stinker" and warning: "If Theresa May wants to break her manifesto pledges that is up to her [but] these things have consequences". Michael Gove, May's environment minister, said on Sunday that while the agreed negotiating stance was not ideal, he believed it delivered on handing back control to Britain.
David Lammy, a prominent member of the opposition Labour party, derided Davis as "a man who cant take responsibility". That's partly because they can't be sure they have the numbers needed to defeat her.
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Some Brexit-supporting lawmakers are angry at the proposals, saying they will keep Britain tethered to the bloc and unable to change its rules to strike new trade deals around the world. "I assume he has resigned to speak".
"Fantastic news. Well done David Davis for having the principal and guts to resign", Brexit campaigner and Conservative lawmaker Andrea Jenkyns said on Twitter.
The prime ministers plan for a soft Brexit was pushed forward by May at a crunch cabinet meeting at her countryside manor, called Chequers, on Friday. They denounced the latest road map as a timid capitulation: "Brexit in name only" that ignores the 52 percent of voters who opted in June 2016 to leave the European bloc.
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Brexit Secretary David Davis announced his resignation via a letter sent late Sunday night to Prime Minister Theresa May . There was no immediate statement from Mr Johnson, another loud pro-Brexit voice within Ms May's divided government.
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