While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.Technologyread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Recasts lede, adds quote, updates prices)
LONDON, May 17 (Reuters) - Sterling hit a four-month low on Friday after cross-party Brexit talks collapsed and concern grew about the impact Prime Minister Theresa May's likely resignation would have on Britain's EU divorce.
The pound has traded in a narrow range of $1.29-1.32 since Brexit was delayed in late March, but following weeks of talks between May's Conservatives and the opposition Labour Party that yielded nothing the currency has slumped.
May has agreed to set out a timetable for her departure in early June when parliamentarians are likely to again vote against her thrice-rejected EU withdrawal agreement. .
That raises the prospect of a Conservative leadership battle producing a more Eurosceptic British leader who could move Britain towards a no-deal Brexit, the worst case scenario for sterling.
"What we're seeing is the market pricing in a higher probability of an exit without a deal," Adam Cole, chief currency strategist at RBC Capital Markets, said, noting the growing risk that the bill would fail to pass and May would depart before parliament goes into recess in late July.
"It looks increasingly likely she will be replaced by a pro-Brexit PM with no election, and that automatically increases the chances of a no-deal Brexit."
Sterling was down for a tenth consecutive session, touching a four-month low of $1.2755 and slipping 0.3% against the euro to 87.55 pence, the lowest since February 15 .
Another outcome could be no Brexit at all -- a boon for the pound -- or the possibility of a general election and a Labour government in power.
"The market doesn't like elections at the best of times, and given it has a natural capitalist orientation, it's not a surprise it worries over this Labour government," said Neil Mellor, senior currency strategist at BNY Mellon.
On Thursday, the head of Britain's National Grid criticised Labour's plans to re-nationalise energy networks, saying that would increase costs for consumers and might prompt legal challenges.
Next week's European parliamentary vote is another cause for concern, with Nigel Farage's Brexit Party on course to pick up 34% of the vote, more than the Conservative and Labour parties combined. (Reporting by Abhinav Ramnarayan, editing by Larry King)