12-23-2016, 10:31 PM
U.K. Prime Minister Theresa May is increasingly isolated as her demands to control all areas of policy alienate key colleagues, according to more than a dozen officials who worry tensions will undermine planning for Brexit. Speaking anonymously because the subject is delicate, many of the government figures said an early period of goodwill toward May had given way to division and resentment, leading to policy mistakes that had to be hastily corrected. Much of that stems from the influence wielded by her joint chiefs-of-staff, Fiona Hill and Nick Timothy, the people said.
Iron Grip of Theresa May Said to Cut Her Off From Key Colleagues - Bloomberg
The pound may have recovered from its post-Brexit lows, but it's set to face another round of Brexit heat, analysts said. In the wake of the U.K.'s late June vote to exit the European Union (EU), the pound tumbled to as low as $1.1450 in an October flash crash. But the currency recovered from those 30-year lows in the wake of Donald Trump's surprise U.S. election win, reaching levels above $1.27 in early December. That was up from levels under $1.24 before the election results, potentially on expectations that the president-elect could pursue a "fast-track" trade deal with the U.K.