UK Unclear on Brexit Goals

Scotland’s Brexit negotiator said on Thursday it was still frustratingly unclear what kind of divorce the British government was seeking from the European Union, nearly five months after Britons voted in a referendum to leave.

“We’re not clear on what they want, exactly how they want it – there is some considerable lack of clarity in the present situation,” said Michael Russell, who is representing pro-EU Scotland in discussions about Brexit.

“It’s been frustrating but we are entering into those negotiations with good faith and we presume they are too,” he told Reuters during a visit to Berlin. Despite the uncertainty, Scotland would continue to work with the British government, he said

Reuters

US Dollar Marches on in Asia

XAU/USD – Gold Unchanged as US Inflation Numbers Mixed, Jobless Claims Slide

May’s Tone Shifting from “Hard Brexit”

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.