Theresa May will meet business leaders from Europe at Downing Street today to discuss trade after Brexit AlamyThe pound has weakened after reports that 40 Conservative MPs had agreed to sign a letter of no confidence in the prime minister Theresa May and European Union politicians and officials warned that Brexit talks were entering “crisis mode”. Sterling slipped by nearly 1 per cent against the dollar in early trading before gaining slightly to $1.3117 in the afternoon after the prime minister met with European business leaders in Downing Street. Representatives from France, Germany, Spain, Italy, the Netherlands, Ireland, Sweden, Poland, the Czech Republic and Belgium attended the talks. They told her that progress in the talks were needed urgently or UK jobs and investment could be lost. Mrs May acknowledged that the next two week were “extremely important”.

Source: The Times November 13, 2017 09:22 UTC