Search ForexCrunch

European officials are pessimistic about the probability of a breakthrough in Brexit talks this week, as negotiators believe that whatever they offer won’t be enough to get parliament to back Prime Minister May’s deal.  

Key points (Source: Bloomberg)

The EU believes unrealistic expectations  have built up in London. As a result, any concessions the EU would be prepared to give wouldn’t be sufficient to win a majority in the House of Commons.

EU negotiators are also riled by having to do business with a new interlocutor, the people familiar with the matter said.  

If May’s deal is rejected on Tuesday, Parliament will instead most likely vote to extend the exit day deadline and pro-EU lawmakers will try to force the government to soften, or even reverse the divorce.