Europe

European Union leaders fear Prime Minister Theresa May's shock loss of her majority in the snap British election will delay Brexit talks due to start this month and raise the risk of negotiations failing.

Sterling spiraled lower on Friday as British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe.

Nile Gardiner, a former special adviser to former U.K. Prime Minister Margaret Thatcher, on Thursday discussed the British election campaigns of Prime Minister Theresa May and Labour Party leader Jeremy Corbyn.

Nile Gardiner, a former special adviser to former U.K. Prime Minister Margaret Thatcher, on Thursday discussed the British election campaigns of Prime Minister Theresa May and Labour Party leader Jeremy Corbyn.

The European Central Bank on Thursday maintained its benchmark interest rates at the conclusion of its meeting, but dropped language from its policy statement that rates could move lower, if needed, in the future.

The European Central Bank on Thursday maintained its benchmark interest rates at the conclusion of its meeting, but dropped language from its policy statement that rates could move lower, if needed, in the future.

The European Central Bank left its key refi rate at zero. The ECB also left its deposit rate at a negative 0.40%. That means banks continue to pay to have their money parked at the bank.

British Prime Minister Theresa May faces the voters on Thursday in an election she called to strengthen her hand in looming Brexit talks.