Brexit Talks Continue at Fragile Time For UK Politics

Brexit talks resumed Thursday with no indication that a breakthrough is in reach: the Europeans are taking a cautious approach even as both sides hope for an agreement by year-end.European diplomats in Brussels are concerned about the U.K.’s political crisis, and are trying to avoid sending Britain overly encouraging signals about how talks are progressing, according to a person familiar with the situation. Countries including Germany asked negotiators on Wednesday not to rush into preparing documents for trade talks, to avoid creating the impression that negotiations are moving on, the person said.While Irish Prime Minister Leo Varadkar is upbeat that a deal could be done by December, the time to make that happen is running short. Talks started on Thursday morning and a press briefing is scheduled for Friday.

Source: Brexit Talks Resume With EU Wary of U.K. Political Risk – 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.