U.K. Prime Minister Theresa May told the British Parliament on Tuesday that more negotiations with the European Union were necessary to reach a final Brexit agreement that Parliament could vote on. May added that she would bring forward a so-called amendable motion in Parliament on Feb. 27, if no vote on a deal had been held by then. Lawmakers rejected the deal May struck with Brussels late last year, but also voted against leaving the EU without a deal. The U.K. is set to leave the EU on March 29. While May acknowledged that president of the European Commission Jean-Claude Juncker didn't want to renegotiate, she would meet him again before the end of February. The main sticking point remains the backstop at the Northern Irish border. May said there were alternatives to change the current backstop agreement, including adding a legally-binding time limit, or adding a unilateral exit clause. The British pound traded in a tight range while May spoke in the House of Commons, but strengthened to $1.2886, versus $1.2860 late Monday, following her initial remarks.