UK breaks Brexit deadlock

Theresa May has managed to secure the backing of Whitehall to offer a divorce bill to the EU of around €50bn which negotiators on both sides agree will almost certainly break the current impasse on negotiations. Whitehall’s backing of the larger bill is contingent with the UK being able to secure a good trade deal with the EU. Whilst the proposed figure is still tentative the pound has found some strength from the announcement, indicating the market is prepared to get behind the figure and the prospect of moving these delicate negotiations forward.