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Juncker Clash Shows Negotiations Won’t Be Easy

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U.K. Prime Minister Theresa May alluded to the leaked details of her disastrous dinner with Jean-Claude Juncker to remind voters that Brexit talks will be tough and she alone is up to the task.

Germany’s Frankfurter Allgemeine Sonntagszeitung newspaper on Sunday said that the European Commission president left the April 26 talks at Downing Street shocked at May’s reluctance to compromise and “ten times more skeptical” of reaching a mutually acceptable deal over Brexit. It said the pair disagreed about the complexity involved in any agreement, about the sequencing of talks, and about budget contributions.

Dismissing the report as “Brussels gossip,” May didn’t outright deny its accuracy. If anything, the premier has used the growing antagonism with Brussels to bolster her claim that a personal mandate means she can negotiate Brexit more successfully. May’s refrain has been to contrast her show of strength and to depict rival Jeremy Corbyn as a “weak, nonsensical” leader.

Bloomberg

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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

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

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