The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show.
As part of a “phased approach”, Britain would just have to show “sufficient progress” on its divorce settlement in a first phase of negotiations and EU states could release a lock and agree to launch trade talks in a second phase.
But that concession to Theresa May two days after she triggered a two-year countdown to withdrawal was accompanied by elements in the draft circulated by EU summit chair Donald Tusk that the British prime minister may find less palatable.
Reuters [1]
USD/JPY – Yen Steady as US GDP Meets Expectations [2]
Gold Slips Below $1250 on Strong GDP Report [3]
[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.
- Bio [5]
- Twitter [6]
- Latest Posts [7]
Craig Erlam [8]
@@craig_forex [10]
Latest posts by Craig Erlam (see all [8])
- Week Ahead – Pressure mounting on central banks [12] - 26 November 2021
- Oil tumbles, gold firm, bitcoin plunges [13] - 26 November 2021
- Flight to safety as variant fears soar [14] - 26 November 2021