Spain’s King Calls For Minimal Trade Barriers

Britain’s exit from the European Union is creating uncertainty for businesses and Brexit negotiations should seek to reduce this as well as minimising future trade barriers, Spain’s King Felipe said on Thursday.

The British government, seeking to highlight confidence in the British economy, said Spanish companies had committed millions of pounds of investment to Britain to coincide with a three-day state visit by King Felipe and Queen Letizia.

Addressing business leaders in London, Felipe hailed the close ties between Britain and Spain but said: “We cannot deny that the scenario originated by the UK decision to leave the EU has generated uncertainty and doubts for our companies … We must make sure the current negotiations reduce this uncertainty to the minimum.

Reuters

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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.