A Brexit deal isn't coming anytime soon
The United Kingdom and European Union are potentially still months away from finalizing an exit deal for the U.K. that would allow Brexit negotiations to move on to discussions surrounding a permanent trade deal, per Bloomberg.
The hang up: Before the U.K. officially exits the E.U., which will happen with or without a deal in March 2019, the E.U. is attempting to force the U.K. to honor its financial commitments as a member of the bloc with a significant "divorce payment." In an attempt to compromise, Prime Minister Theresa May gave a speech in Florence last week promising that the U.K. would pay into the E.U.'s budget for two years in order to guarantee a two-year transition period that would maintain current trade rules.