Brexit Bulletin: After the Referendum, Brits Went on a Spending Spree

The U.K.’s future relationship with the European Union will require a tailor-made solution, according to Germany, although Prime Minister Theresa May won’t be able to cherry-pick the economic advantages.

In an interview with Bloomberg, German Deputy Foreign Minister Michael Roth said it’s clear that Britain can’t expect access to the bloc’s common market unless it allows the free movement of workers that applies throughout the EU.

“This is a historically unique situation,” Roth said. “Britain is a major economy and has been an EU member for decades. We will surely reach a custom-fit agreement between the EU and Britain.”


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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam