(Bloomberg) -- Prime Minister Theresa May faced questions from the chairs of parliament’s committees.

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• May warns country to prepare for "no deal" Brexit if she loses parliamentary vote on her deal with the EU on Dec. 11
• Pound falls after May’s comments
• Prime minister reasserts opposition to a ‘People’s Vote’

Pound Still Subdued After May No-Deal Warning (11:40 a.m.)

Sterling has not recovered since May’s warning that no-deal could follow a rejection of her Brexit deal in Parliament. The currency is down 0.5% at $1.2762. Commerzbank strategist Thu Lan Nguyen told Bloomberg this morning the market is still “relatively relaxed” around no-deal and echoed the Bank of England’s forecast for the pound to depreciate “at least ten percent or even more” under a disorderly Brexit.

May and Corbyn Edge Closer to Brexit TV Debate (11:35 pm.)

Negotiations on a TV debate between May and Labour leader Jeremy Corbyn about her Brexit deal are close to completion. The Conservatives have agreed to a BBC plan to air a debate at 8 p.m. on Sunday Dec. 9, according to a person familiar with the discussions. Labour has yet to agree, but have expressed enthusiasm for the idea of a debate.

May Baffled by ‘Friends With Benefits’ Brexit (11:00 a.m.)

Theresa May finished her evidence session by making it clear that she doesn’t want to come back and talk some more if her deal is defeated on Dec. 11. In just over 90 minutes of questions, she largely focused on explaining why there was no alternative to her deal, and warning that if it’s voted down, people should start preparing for a no-deal Brexit.

The doubters on the committee looked as though they were still doubtful. The most memorable moment was when Conservative Tom Tugendhat asked May whether, after Britain’s divorce from the EU, the U.K. could have a “friends with benefits” relationship. May, who has been off the dating scene since the late Seventies, looked confused.

Government Still Won’t Share Brexit Legal Advice (10:39 a.m)

Solicitor General Robert Buckland told the House of Commons the government will provide a “full and reasoned statement’’ on the legality of Brexit but will not publish the legal advice it has received in full.

Parliament voted for the advice to be published and Keir Starmer, Labour’s Brexit spokesman, said the refusal to do so is “wholly unacceptable’’ and “shows contempt for this house.’’ Attorney General Geoffrey Cox will make a statement to members of Parliament on Monday.

Second Referendum Would Mean Reopening Talks (10:30 a.m.)

May said a second referendum would mean reopening negotiations with the EU, because it would take so much time to organize.

“It’s important for our democracy that we deliver on the vote that people took in 2016,” May said in answer to Sarah Wollaston, a Tory supporter of a “People’s Vote.” It would also be impossible to hold the vote before March 29, when Britain is due to leave the EU. “We’d have to extend Article 50,” May said. “If we extend Article 50, we’re then in the business of renegotiating the deal.”

Immigration White Paper Still Up in the Air (10:05 a.m.)

May refuses to commit to publishing the government’s detailed proposals on a post-Brexit immigration policy before parliament votes on her deal with the EU in two weeks time.

‘There is still discussion ongoing as to the timing of the publication of the immigration white paper,” she says, adding that the government has previously set out its broad plan for immigration.

The government is still discussing how to deal with low-skilled migrant labor as employers in industries such as farming and hospitality fear shortages after Brexit.

May: I Still Have the DUP’s Support to Govern (9:37 a.m.)

Asked if she can stay in power even if she wins the Dec. 11 vote, given the strain on her relationship with Northern Ireland’s Democratic Unionist Party, which opposes her deal, the prime minister said it wasn’t an issue. “We obviously are talking to the DUP,” she said, adding that their confidence-and-supply agreement remains in place.

May’s ‘No-Deal’ Comments Drag on Sterling (9:31 a.m.)

The pound fell sharply following May’s warning on no-deal, down as much as 0.5 percent to the day’s low of $1.2758. The Bank of England said Wednesday that the currency could plunge to below parity with the dollar under a disorderly exit from Europe, though some currency strategists said such a sharp move seemed excessive.

May Says She Plans to Negotiate Frictionless Trade (9:22 a.m.)

When asked how the government’s Brexit deal compares to the Chequers plan modeled in Treasury analysis on Wednesday, May says the government is still planning to negotiate for frictionless trade with Europe.

“What you see in the political declaration, and you will see it in the language around the ambitious customs arrangement in the future, is a clear recognition of the need to reduce that friction as much as possible,” she said. “It’s still better to reduce it, to have frictionless trade, but there are those in the European Union who have yet to be persuaded of that argument.”

May: Prepare For No Deal If I Lose Brexit Vote (9:10 a.m.)

May told the committee of senior members of parliament that lawmakers voting down her Brexit deal on Dec. 11 isn’t risk free. “The timetable is such that some people would need to take some practical steps in relation to planning for no deal” if the government loses the vote, she said.

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