UK Loses Credibility After Resignation of Diplomat Ahead of Brexit Talks

January 4, 2017 Share Print 0

The chances of Britain crashing out of the European Union have increased following the sudden resignation of its representative in Brussels, a career diplomat with in-depth knowledge of the political bloc.

The departure of Ivan Rogers presents Prime Minister Theresa May with a dramatic new complication ahead of the start of Brexit negotiations early this year.

Rogers, who has served as Britain’s ambassador to the EU since 2013, appeared to be frustrated by the government’s approach to exit talks. In a farewell note published by British media, Rogers encouraged his staff to continue to challenge “ill-founded arguments and muddled thinking.”

He also said they should “never be afraid to speak the truth to those in power.”

via CNN

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.