(21 Sep 2018) British Prime Minister Theresa May said on Friday that Brexit negotiations were "at an impasse" after the European Union rejected her proposals for leaving the bloc.
Speaking at 10 Downing St. in London, May said it was "not acceptable" that the EU had rejected her plan without offering alternatives.
EU chief Donald Tusk said at a summit in Salzburg that May's plan would not work.
May says both sides want a deal, but remain far apart on key issues of future trade relations and the Irish border.
The pound fell on May's comments, trading down a sharp 1.2 percent on the day to $1.3104.
The Prime Minister also sought to reassure European Union citizens living in the U.K., saying they will retain their rights in case the country leaves the European Union without a deal.
May told those worried about their future that "you are our friends, our neighbours, our colleagues. We want you to stay."
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