Doubts over Brexit talks as results leave May vulnerable

What the agreement between the DUP and Conservatives actually means

Arlene Foster and Theresa May will team up but not in a coalition

The Democratic Unionist Party (DUP) of Northern Island won 10 seats and if experts are to be believed, they will support the Conservative Party and the United Kingdom will once again have a hung parliament.

German Chancellor Angela Merkel said on Friday she assumed Britain would stick to its plan for leaving the European Union after the country's election upset, and that she wanted to work quickly on talks over Brexit. The country's leader was photobombed by a person dressed as the Sesame Street character as she cast her ballot with her husband Philip on the outskirts of Maidenhead, her constituency.

The objective of holding early elections was to have a strong mandate and the approval of the people before starting negotiations for "BREXIT".

He told ITV's Peston on Sunday: "Well, not necessarily the case".

Its eurosceptic wing has always been a thorn in the side of Conservative prime ministers.

What the agreement between the DUP and Conservatives actually means
Arlene Foster’s DUP have attracted criticism

And given that May called the snap election in a bid to strengthen her hand in the Brexit negotiations, it's hardly surprising that many SMEs are wondering how the results will affect the talks.

"As and when details are finalised both parties will put them forward".

May appeared isolated after her two closest aides resigned, paying the price for a disastrous electoral performance that cost the prime minister her majority.

Prime Minister Theresa May leaves Downing Street to go to Buckingham Palace for the Queen's permission to form a United Kingdom government.

"She has been found out, she should be ashamed", he said.

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Britain's Primer Minister Theresa May leaves Downing Street with her husband on the way to Buckingham Palace after Britain's election in London, Britain June 9, 2017. May is seeking a loose "confidence and supply" arrangement with the DUP's 10 MPs that would allow her to press ahead with a minority government, after losing her Commons majority in general election.

The near- to medium-term reaction would likely be a fall in sterling to $1.20, but with the potential for it to rise as high as $1.50 if the political situation evolved in a way that forced May to soften her demands on Brexit, they added.

Mr Flanagan was asked about suggestions that any Conservative deal with the DUP would undermine Westminster's impartiality as a co-guarantor of the Good Friday Agreement, also known as the Belfast Agreement. Cooper, who was defeated by Corbyn in the 2015 Labour leadership contest, said the Parliamentary party had "changed a lot" since last year's European Union referendum and was now fully behind Corbyn.

Nicky Morgan, a senior Conservative legislator, said she would oppose a formal coalition pact with the ultra-conservative DUP for fear it would force the party to water down the Conservatives' "equalities policies".

Theresa May has admitted she "wanted a different result" in the General Election but insists the Conservatives are the "only party" in a position to form a government and lead Brexit talks.

DUP leader Arlene Foster to hold talks at No10 with Theresa May
May's gamble in calling an early election backfired spectacularly, as her Conservative Party lost its majority in Parliament.

Labour increased its tally from 232 in 2015 to 261, building on a resurgence led by its leader, Jeremy Corbyn.

DUP leader Arlene Foster with MPs at the Stormont Hotel in Belfast.

The DUP-Conservative coalition has approval of just 35 per cent of those surveyed, 49 per cent disapproving and 17 per cent unsure.

"Undoubtedly the issue of an independence referendum was a factor in this election result but I think there were other factors as well, so I will reflect on that and come to considered judgements", she said.

"A hung parliament would in more normal circumstances be viewed as quite a negative for sterling", analyst Paul Meggyesi said in a note distributed to media on Tuesday and sent to clients at the end of last week.

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