European Council President Donald Tusk’s guidelines for Brexit chief Michel Barnier will probably limit the scope of the upcoming talks to the terms of the divorce and not include a future trade relationship with the U.K, three people familiar with the matter said.
Tusk is set to publish draft guidelines for Barnier by the end of this week after U.K. Prime Minister Theresa May formally requests the split on Wednesday. His current stance would be a blow to the U.K. which wants to discuss the breakup and future ties in tandem to preserve bargaining power and support at home. The people asked not to be named as plans haven’t been finalized yet.
EU officials have repeatedly said they want Britain to agree an exit fee of about 50 billion pounds ($62 billion) before they turn to the sweeping trade deal May is seeking.
GBP Sinks as May Prepares to Trigger Article 50
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Craig Erlam
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