Hung parliament would be a blow to Brexit negotiations

Theresa May has urged the European Union to start Brexit talks early, in an attempt to show resolve, after her election debacle left Brussels doubting that she could be trusted to negotiate Britain's divorce.

German Chancellor Angela "Merkel will notice that, [French President Emmanuel] Macron will notice that".

"The likely narrowness of the majority will give an ability for any small grouping of Conservative MPs to potentially block legislation", JPMorgan said.

In a letter to the PM congratulating her on her reappointment, he said the two-year time frame set out under Article 50 of the European Union treaties left no room for delay.

Theresa May's electoral humiliation has raised hopes among pro-Europeans that she will be forced to abandon her plan for a "hard Brexit", or that the process of leaving the European Union will grind to halt completely. "There are no more excuses now that politicians do not need to care about the youth because they don't vote, anyway", said Afflick of the British Youth Council.

Jean-Claude Juncker, head of the European Commission, said he wanted discussions to proceed without delay, while Michel Barnier, the EU's chief negotiator for Brexit, said "negotiations should start when United Kingdom is ready".

May, who had campaigned against Brexit a year ago but took over the Conservative party after David Cameron lost last June's Brexit referendum, delivered her terms for withdrawal in March.

The Lib Dems, which had campaigned for a second referendum on the terms of Brexit that could mean Britain staying in the bloc, was forecast to gain several seats in areas that voted for "Remain".

May Friday insisted that she would stick to the Brexit timetable.

A chastened Theresa May apologised to her party colleagues last night after squandering the Conservatives' majority with an ill-fated gamble on a snap general election that forced her to turn to Northern Ireland's Democratic Unionist party for backing.

Before the election, she had been widely expected to sack finance minister Philip Hammond following a reported clash over her Brexit strategy.

Elmar Brok, a prominent German conservative member of the EU parliament, said Europeans would be disappointed: "Now no prime minister will have that room for maneuver", he said.

Tusk said the March 2019 deadline "leaves us with no time to lose. May has put all this in jeopardy", said Nigel Farage, a leading campaigner for Brexit in last year's referendum. "So our expectation and hope is that there is a new government in London as soon as possible".

Britain's Labour party leader Jeremy Corbyn gestures as he arrives for the declaration at his constituency in London, Friday, June 9, 2017.

But that is not to say that we can't in good conscience challenge how the outcome will be exercised, and the journey to get there. "I don't think that things now have become easier but we are ready". The index is dominated by global companies that do business overseas, and a weaker British currency makes their worldwide sales even more lucrative when translated into pounds.

The session got underway with the pound tumbling to a seven-week low below $1.27, after Britain's general election left the country facing a "hung parliament", where no single party has a majority.

"This could spook sterling traders", she said and suggested the pound could fall towards $1.25 - the level it was trading at before the election was called.

  • Zachary Reyes