No Brexit Bill Agreement By October

Britain will not have agreed a figure with the European Union for its so called Brexit divorce bill by October, Brexit Secretary David Davis said on Tuesday.

The EU wants agreement on how the exit bill – to be paid in euros – will be calculated before talks can move on to Britain’s future relationship with the bloc.

“We’re going to talk it through very, very carefully, so at this stage we’re not going to commit, there won’t be a number by October or November, whenever it is,” Davis told BBC radio.

Reuters

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Craig Erlam

Craig Erlam

Former 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.