EU’s Tusk Tells May He Wants ‘Velvet Divorce’ After Brexit Vote

European Council head Donald Tusk told Britain’s Prime Minister Theresay May on Tuesday that he hoped to bring about a “velvet divorce” after Britain’s historic vote last month to leave the European Union.

“Told PM @Theresa_May today that we need an orderly, calm #Brexit, something like a ‘velvet divorce’,” Tusk wrote on Twitter after talking on the phone with the new British leader.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.