UK Still Pushing For Early Trade Talks

August 22, 2017 Share Print 0

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

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.