UK Cross Party Talks Break Down

Britain’s tumultuous divorce from the European Union again is in disarray as the opposition Labour Party on Friday declared last-ditch cross-party talks are dead in the twilight of Prime Minister Theresa May’s premiership.

Nearly three years after the United Kingdom voted 52 per cent to 48 per cent in a referendum to leave the EU, it is still unclear how, when or if it will ever leave the European club it joined in 1973. The current deadline to leave is Oct. 31.



Brexit talks between May’s Conservatives and the opposition Labour Party ended without an agreement hours after May agreed on Thursday to set out a timetable for her departure in early June.

Labour leader Jeremy Corbyn wrote to May on Friday, informing her that talks had “gone as far as they can” due to “the increasing weakness and instability” of the government.

Corbyn said May’s government had become unstable and its authority had been eroded undermining confidence in the “government’s ability to deliver any compromise agreement.”

via CBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza