Spain’s King Calls For Minimal Trade Barriers

Britain’s exit from the European Union is creating uncertainty for businesses and Brexit negotiations should seek to reduce this as well as minimising future trade barriers, Spain’s King Felipe said on Thursday.

The British government, seeking to highlight confidence in the British economy, said Spanish companies had committed millions of pounds of investment to Britain to coincide with a three-day state visit by King Felipe and Queen Letizia.

Addressing business leaders in London, Felipe hailed the close ties between Britain and Spain but said: “We cannot deny that the scenario originated by the UK decision to leave the EU has generated uncertainty and doubts for our companies … We must make sure the current negotiations reduce this uncertainty to the minimum.

Reuters

DAX Ticks Upwards as German CPI Matches Forecast

Rate Differentials Pack a High Yielding Punch

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Former Craig

Former Craig

Former 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.