Sterling took a hit yesterday evening and remains weak this morning due to concerns about Brexit negotiations and increasing calls for Theresa May to resign as Prime Minister. Yesterday she met with Chair of the 1922 Committee, Sir Graham Brady, amid pressure for her to set a firm resignation date.
Meanwhile, cross-party Brexit talks continue, and the Tories are trying to win Labour over with the promise of a ‘temporary’ customs union. However, Labour sources say that this was in the withdrawal agreement to begin with, and so presents nothing new. Theresa May’s own team have also said that the talks are stalling and unlikely to present a way forward.
In European Election news, Cabinet Minister David Lidington has confirmed that the UK will definitely be taking part, as there is not enough time for us to decide on a deal before the 23rd of May.
