Sterling rebounds with United Kingdom to 'concede' on single market

Sterling rebounds with United Kingdom to 'concede' on single market

Hammond said he would not comment on the events of last two days concerning Northern Ireland, but added that Britain and the European Union had made "good progress" in talks over recent weeks.

Market bets on sterling had shifted considerably in recent weeks towards betting on a breakthrough in Brexit negotiations with sterling rising to more than a two-month high last Friday.

The Chancellor said it was "inconceivable that we would walk away from obligations", regardless of the success or failure of the final negotiations. Also UK PM May says that more consultation is needed.

Mike Smithson, an election analyst and a former Liberal Democrat politician, said on Twitter it was "the first time any pollster has recorded backing" for a second referendum.

"By removing the leadership at such a crucial phase in the negotiations, hopes of progress and/or transitional deal would collapse and would not be taken well by the public that already has a very negative view of the government's handling of the negotiations", they wrote in a note.

Theresa May's smoke and mirrors Brexit gambit didn't even last an afternoon - it's not difficult to see why

Blair said last Sunday (3) he was trying to reverse Brexit because claims by the leave campaign, such as the NHS getting an extra £350 million a week once Britain leaves the European Union, have been proved false.

"The show is now in London", commission spokesman Margaritis Schinas told reporters in Brussels on Tuesday.

May said "a lot of progress has been made, but on a couple of issues some differences do remain which require further negotiation".

The problem now, of course, is that Ireland and the EU27 cannot back down from the position they have now approved - that there can be no hardening of the border between Northern Ireland and the Republic, and that that must be assured by "continued regulatory alignment" between the north and the south of the island. A deal between London and Dublin on a "regulatory alignment" between Northern Ireland and the Republic of Ireland triggered angry responses in the United Kingdom, especially from the DUP.

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