Court deals blow to UK government's Brexit plans

The High Court struck a blow Thursday to the British government's plans for leaving the EU, ruling it must seek parliament's approval before starting exit talks in a landmark judgement that could delay Brexit. Three senior judges said Prime Minister Theresa May's government does not have the power on its own to trigger Article 50 of the European Union's Lisbon Treaty, the formal notification of Britain's intention to leave the bloc. The pound -- which has tumbled to multi-year low points against its main rivals in recent weeks as markets weigh the economic risks of Britain potentially leaving the European single market -- soared against the dollar and euro Thursday, jumping above $1.24.

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