EU Refining Brexit Position as UK Threatens to Quit Talks

European Union ministers meet in Brussels on Monday to refine their Brexit negotiating position after the UK threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion).

Britain’s negotiations would otherwise be plunged into “chaos,” Brexit Secretary David Davis said in an interview published in the Sunday Times. Even a 1 billion pound settlement would be “a lot of money,” he said.

The size of Britain’s exit bill, and which types of negotiations can begin before it is determined, has been a source of debate for weeks and will prove an early test of the ability of both sides to find common ground.

Bloomberg

Oil and Gold Looking Good In Asia Trading

A Lull in the action

Week Ahead Political Risk to Drive Dollar

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.