EU Lays Out Brexit Negotiation Guidelines Ahead of Talks

European Union chief Brexit negotiator Michel Barnier unveiled his first detailed vision of how talks with the U.K. will take shape.

“These directives are for the first phase of the negotiations only,” Barnier told reporters on Wednesday in Brussels.

Barnier’s draft negotiating mandate covers the main areas that need to be tackled by the two sides when discussions get under way after the British elections on June 8, and touches on the U.K.’s financial obligations, citizens’ rights and its border with Ireland.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.