UK Still Pushing For Early Trade Talks

Britain is in a hurry to get Brexit talks to envelop trade. Not so fast, the European Union says.Prime Minister Theresa May’s government is issuing on Tuesday its third position paper in two days on how it sees its future relationship with Europe. The latest details focus on civil judicial cooperation — covering disputes from cross-border business to divorce and child custody — ahead of a much-anticipated document Wednesday on the role of the EU Court of Justice.The aim is the same: rebut criticism from the EU that the U.K. is unclear about what it wants and pressure its divorce partner into discussing commerce.The U.K. returns from the summer break with a strategy to force a conversation on the future much sooner than the EU wants. The release of a flurry of policy specifics seeks to demonstrate that Britain has thought things through as it builds the case that the myriad issues are complex and interconnected enough to require trade to be part of the mix.

Source: EU Insists on Orderly Brexit as U.K. Battles for Upper Hand – Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.