Is The British Pound Still Falling? Election Brings Uncertainty To English Currency

"We don't know when Brexit talks start".

May was looking to pick up a few more seats in Parliament to strengthen her pimp hand at the Brexit bargain table.

"The time-frame set by Article 50 of the Treaty leaves us with no time to lose".

French Prime Minister Edouard Philippe said on Europe1 radio that Brexit talks "were never simple to begin with" and the talks "will be long and complex".

Farage warned that in the event that May can not form a government and Labor creates a coalition "then I think Brexit is in some trouble". "If we now have a level of uncertainty within the government as well, then that is liable to make things worse", Bond told VICE News.

Tim Farron demanded the PM delay the start of negotiations until the Government "reassessed its priorities" and told the public.

"We want to negotiate quickly, we want to stick to the time plan, and so at this point I don't think there is anything to suggest these negotiations can not start as was agreed".

"What is likely, at this stage, is that the Tories will seek a convergence on the main Brexit guidelines included in their political manifesto, which included a confirmation that the Government is willing to make a reasonable contribution to the European Union after Brexit, albeit with a warning that vast annual contributions to the European Union will end, an exit from the Single Market and a common willingness to secure rights for EU citizens in the United Kingdom and vice-versa".

For others, it was more a case of how much more turbulent Brexit would be, whenever the talks do finally begin. "Let's put our minds together on striking a deal", he tweeted.

Paula Surridge, senior lecturer at Bristol University, said it may take time to get to the negotiations in the first place. "Do your best to avoid a "no deal" as a result of 'no negotiations, '" he wrote on Twitter.

"How do you negotiate when you know that the position of the partner that you're negotiating with is extremely weak?" says Klaas of the London School of Economics.

Given that Britain has already triggered the formal divorce talks, it is unclear what mechanism could be used to delay the negotiations.

Since no party has an absolute majority to form a government, there are two options.

Further pressure came from the German EU Commissioner Guenther Oettinger, who said the deadline for completing negotiations should be tightened.

European Union officials had initially praised May's decision to call a snap election, anticipating she would win an overwhelming mandate that would bring clarity and predictability to the Brexit negotiations and give her the political strength needed to make tough concessions to the European Union that might not be popular at home. "The clock will pause and time is a crucial factor in the Brexit negotiations", said Clingendael's Korteweg, who ruled out EU's intention to extend the negotiations time frame. "Start of negotiations can be delayed, end very hard to delay".

"The election outcome is casting uncertainty on how the Brexit negotiations process will unfold and what the British position will be, while the clock is ticking as the deadline for the conclusion of the talks moves ever-closer", said Rem Korteweg, head of unit "Europe in the World" at Clingendael, the Dutch institute for global relations. "The UK is not looking to be half in and half out of the EU; Brexit means Brexit", she announced in her speech in January.

  • Zachary Reyes