Britain to take part in EU elections

GBP

Yesterday it had been confirmed that Britain will have to take part in European Parliament elections on May 23 as there is not enough time left to get an exit deal ratified by parliament before then. May had hoped to avoid taking part in the vote, but so far talks with the opposition Labour Party aimed at finding a way forward on Brexit have not succeeded in breaking the deadlock.

The government and opposition Labour Party continued crunch talks on Tuesday that could define the course of Brexit. As of late last night, there were no further developments in the discussion. If the two sides fail to agree a compromise, the chances of another referendum or even an emergency general election will rise.

There were further reports yesterday May is under pressure from Tory activists and backbench MPs to name a resignation date. But her spokesman, James Slack, said only that the prime minister planned to step down only after Brexit was delivered.

Key Announcements

12:30 - EUR: ECB President Mario Draghi Speaks