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
Is BoE Any Closer to Raising Interest Rates?
Gold Dips as U.S. PPI Rebounds, Risk Appetite Increases
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
Latest posts by Craig Erlam (see all)
- European update – May seeking Brexit approval - 11/14/2018
- European open – Brexit deal, Italy budget and oil - 11/14/2018
- GBP/USD Rallies on Reports of Brexit Deal - 11/13/2018