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

EUR/USD – Euro Pauses After Downhill Ride, German CPI Next

Inventories Save Oil as Gold Melts

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

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