UK's Brown wants to step aside for coaliton talks with Liberals - at a price...

[ASusilovic]

Flashes, via Reuters:

10May10 RTRS-UK’S PM BROWN SAYS LIB DEMS WANT TO HOLD FORMAL GOVT DISCUSSIONS WITH LABOUR PARTY

10May10 RTRS-UK’S PM BROWN SAYS PRIORITY FOR TALKS SHOULD BE AGREED DEFICIT REDUCTION PLAN

And that was good enough to do this:

Although it could yet recover on this:

RTRS-UK’S PM BROWN SAYS PLANS TO ASK LABOUR PARTY TO BEGIN LEADERSHIP CONTEST, WILL STEP ASIDE

…or not. As at pixel time, cable had fallen further and was trading at $1.48.

http://ftalphaville.ft.com/blog/2010/05/10/226141/gbp-watch-gordons-going/

 

[Lethn]

Deficit reduction? Labour? Don't make me bloody laugh, that's a likely as proportional representation being a good idea!

 

[ammo]

it'll take another month for them to 1st agree what to debate about

 

[Martinghoul]

Cable - yours. Gilts - yours. This is exactly the sort of political nightmare that should have, hopefully, been avoided. Now the UK is likely to remain the utter fiscal trainwreck that it is for an indefinite period.