Talks between Tories and Labour set to close with no deal – BBC

Anil Panchal FXStreet

The BBC recently published a news report mentioning that the Brexit talks between the Conservatives and Labour party are about to close without an agreement, as they learned.

Theresa May and Jeremy Corbyn will now move to a second phase, aimed at agreeing on a process for Parliamentary votes designed to find a consensus, the news report further said.

Latest updates from the UK include the PM Theresa May’s readiness to provide a timetable of her resignation only after the week starting from June 03 and Boris Johnson are likely to take over PM May as the Tory leader.

GBP/USD remains little changed to 1.2790 around the news report.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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