City of London a Priority in Brexit Talks

Getting the best deal for the City of London will be an “absolute priority” in Brexit trade talks with the European Union, Britain’s financial services minister said on Tuesday.

At a banking conference on Britain’s EU exit in the heart of London’s financial district, senior industry figures set out a range of concerns but stressed the need to respect June’s referendum result.

Britain is due to begin formal exit negotiations with the EU by the end of March to reshape the relationship with its biggest trading partner.

Reuters

USDJPY – First Bullish Confirmation Achieved

EUR/USD – Euro Dips Lower Ahead of German Economic Sentiment

BoE’s Kashyap Says Worried About Spillover from EU Banking Woes

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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.