The pound remained mostly unchanged on Friday as the GDP data figures came in as forecast. The economy grew by 0.5% in the last quarter and 1.8% year-on-year. Evidently, British consumers continued to spend and manufacturers rushed to deliver orders before the original Brexit deadline in March, showing the economy to be robust.
Cross-party talks continue today in the hope that the Labour and Conservative parties can reach an agreement on Brexit. The Shadow Brexit Secretary, Sir Kier Starmer said that a deal would only get through Parliament if it included a second referendum. He also added that he may close the talks this week if the Prime Minister doesn’t budge on her ‘red lines’.
Meanwhile, Cabinet Ministers are urging May to drop the cross-party talks, and instead focus on holding yet another round of indicative votes.
