Brexit Negotiations Could Fall Apart at Any Time

Ongoing talks between the U.K. and the European Union could break down at any point, according to a former member of the Bank of England.This is because the way that Brexit talks have been planned is actually denying the chances of a successful outcome, DeAnne Julius, founding member of the Bank of England’s Monetary Policy Committee, said in an exclusive interview.”The negotiations could fall apart at any time because some of the (preconditions) are win-lose, not win-win, and that’s not how you start a successful negotiation, you don’t start with the win-lose issues,” she said. The initial focus for Brexit talks have been on agreeing the Irish border, citizens’ rights and an exit bill before discussing future trade arrangements and a transition period.

Source: Brexit: Talks could fall apart at any time, says former Bank of England policymaker – CNBC

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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.