Are Both Sides Softening Brexit Rhetoric

Brexit negotiations are set to start in less than a month with signs emerging that for all the hard rhetoric of recent weeks there are key areas on which both the European Union and Britain might be willing to compromise.

That’s the view of some EU officials as the bloc’s remaining 27 governments make final preparations for the talks, which they seek to begin in the week starting June 19. While the terror attack in Manchester on Monday has shifted attention away from Brexit in recent days, focus will return when the U.K.’s political parties resume campaigning.

There are indications of flexibility from the EU over the bill it wants the U.K. to pay on departure. On the other side, the British also are implying a willingness to make concessions on the financial settlement as well as on immigration and the power of EU judges.

Bloomberg

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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.
Craig Erlam

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