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Sterling Crash as Brexit Negotiations Happen



Prime Minister Theresa May and Head of the Opposition Labor Party Jeremy Corbyn 2017 June 21 London, United Kingdom.

Stefan Wermuth | WPA Pool Getty Image

Expects the two largest political parties in the UK to complete the Brexit agreement

Six weeks of talks between top-level conservatives and the main opposition party ended without a resolution. Jeremy Corbyn, the leader of the work, wrote in a letter to Prime Minister Theresai on Friday that the talks had been "pushed as far as possible", and his party would now oppose her Brexit proposal.

The probability that she will soon change the premiere has undermined the talks

"The growing weakness and instability of your government means that there can be no confidence in any agreement between us," he said.

Because skepticism has grown through a multilateral agreement, the pound has started nine direct losses against the euro, marking the longest loss of a century. Compared to the dollar, it fell to $ 1

.2760 on Friday. It has almost reached $ 1.34, just in March.

It is now expected that the US government will present to Parliament various options, known as reference votes, instead. For the last time, legislators in the lower house of Parliament – the House of Commons – held such a spectrum for Brexit, but most did not give any result. will hold these indicative votes next week, before the EU parliamentary elections.

One of the proposals that the government would like to vote on will ask members to agree that no deal should be subject to the second Brexit referendum.

Speaking to BBC Radio on Friday, the chairman of the inter-branch committee to investigate the Brexit process said that the failure of the negotiations meant that the second vote would be more likely

. "There are only two ways out of the Brexit crisis we have: Any parliament agrees with the treaty, or we return to the British and ask them to choose," said Hilary Benn.

"This further confirms the prospect of a referendum referendum, although there is not much in Parliament yet," he added.

Attempts to agree on working with the workforce in May look like a final straw for lawmakers in their party

On Thursday, May, he met with a mighty parliamentary committee (MEP) in his party presenting reports that she was was ordered to leave until 30 June.

It may be that he has to leave the contract before that date so that British MEPs will not occupy their place. So far, he has failed to make three attempts to get most lawmakers back to his deal [19659002] Many conservative candidates are racing to be another UK leader, but bookmakers have been added to former Foreign Minister Boris Johnson as a favorite. Johnson confirmed his candidacy on Thursday.

Johnson, Brexit supporter, was very critical of May's attempts to reach an agreement and said Britain was "not afraid" to leave the trading block


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