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UK Unclear on Brexit Goals

Scotland’s Brexit negotiator said on Thursday it was still frustratingly unclear what kind of divorce the British government was seeking from the European Union, nearly five months after Britons voted in a referendum to leave.

“We’re not clear on what they want, exactly how they want it – there is some considerable lack of clarity in the present situation,” said Michael Russell, who is representing pro-EU Scotland in discussions about Brexit.

“It’s been frustrating but we are entering into those negotiations with good faith and we presume they are too,” he told Reuters during a visit to Berlin. Despite the uncertainty, Scotland would continue to work with the British government, he said

Reuters [1]

US Dollar Marches on in Asia [2]

XAU/USD – Gold Unchanged as US Inflation Numbers Mixed, Jobless Claims Slide [3]

May’s Tone Shifting from “Hard Brexit” [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [8]

Senior Market Analyst, UK & EMEA at OANDA [9]
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
Craig Erlam

Latest posts by Craig Erlam (see all [8])