British govt and Labour Party's Brexit negotiations on verge of collapse

Talks between Britain's government and the main opposition Labour Party to break the Brexit deadlock are on the verge of collapse, broadcaster ITV's political editor said on Wednesday. Those involved in the negotiations say they have no expectation that there will be a breakthrough and the talks could be pronounced dead later on Wednesday, Robert Peston reported. The pound fell to a day's low just above $1.30 on the news. 

(With inputs from agencies.)