May Seeking to Ease Post-Brexit Regulation Concerns

Theresa May will take her Brexit charm offensive deep into the historic heart of Europe with a speech in Florence, as her government tries to reassure the bloc it will not use Brexit to undercut financial regulations.The premier’s office said Wednesday she would make a speech in the Italian city on Sept. 22, arguing that Britain can still work closely with the EU after leaving. Her announcement came as Chancellor of the Exchequer Philip Hammond said he understood EU fears about the future supervision of financial markets and would try to allay them.May and her team are taking a gentler line with Brussels, after the last round of Brexit negotiations ended in acrimonious disagreement and the next session was postponed.

Source: May Picks Florence for Speech to Win EU Support for Her Brexit View – 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.