Jeremy Corbyn, Leader of the Labour Party, looks on, as Britain's Prime Minister Theresa May speaks during a session at the Parliament, in London, Britain, January 23, 2019. UK Parliament/Jessica Taylor/Handout via Reuters THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

LONDON (Reuters) - 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.