Germany said to regard May's Brexit plan as unworkable

Bloomberg report

Germany has gone cold on Theresa May's latest attempt to find a Brexit compromise, seeing it as unworkable. They cite a person familiar with the German stance.

The report has sent cable back to flat on the day at 1.3237.

"May is proposing a complicated customs setup that would leave the U.K. collecting tariffs on behalf of the European Union on goods crossing its border. May traveled to Berlin on Thursday for talks with Merkel as she seeks backing from key European capitals for her plan on the future trading relationship she wants with the bloc," the BBG report says.

Update: The story is now online.