May Seeking to Ease Post-Brexit Regulation Concerns

Theresa May will take her Brexit charm offensive deep into the historic heart of Europe with a speech in Florence, as her government tries to reassure the bloc it will not use Brexit to undercut financial regulations.The premier’s office said Wednesday she would make a speech in the Italian city on Sept. 22, arguing that Britain can still work closely with the EU after leaving. Her announcement came as Chancellor of the Exchequer Philip Hammond said he understood EU fears about the future supervision of financial markets and would try to allay them.May and her team are taking a gentler line with Brussels, after the last round of Brexit negotiations ended in acrimonious disagreement and the next session was postponed.

Source: May Picks Florence for Speech to Win EU Support for Her Brexit View – Bloomberg

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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