May said the EU’s abrupt dismissal of her Brexit plan was not acceptable.
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British Prime Minister Theresa May said Friday that Brexit talks with the European Union had hit an impasse, defiantly challenging the bloc to come up with its own plans a day after EU leaders savaged her proposals.Sterling extended its losses as May spoke, falling to as low as $1.3053, and was down around 1.5 percent on the day, putting it on course for its biggest one-day drop this year, over growing fears Britain could leave the EU without any deal.May has said her Chequers proposals for trade with the EU, which would resolve disputes over the border of Northern Ireland with the Irish Republic, were the only way forward. In Brussels, European Council President Donald Tusk said after May's comments he was convinced the EU and Britain could still find a compromise.Arlene Foster, the head of Northern Ireland's Democratic Unionist Party which supports May's government, welcomed May's tough stance against "disrespectful, intransigent and disgraceful" behaviour by the EU.Scottish First Minister Nicola Sturgeon called May's statement "dreadful" and warned May's party would pay a high political price if there was "no deal".
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