Barnier says Brexit talks have reached deadlock. well "deadlock" >> GBP down
Barnier says decisive progress is possible in next 2 months
EU's Barnier says week's Brexit talks were constructive, no big steps forward
twitter.com/mhewson_...s/918425128249298944
Barnier says decisive progress is possible in next 2 months
EU's Barnier says week's Brexit talks were constructive, no big steps forward
twitter.com/mhewson_...s/918425128249298944
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opps!. quite annoying
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GBP bounces on EU said to consider granting UK 2-year transition. This is what May asked for, and reduces the chances of hard exit.
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The pound fell to the weakest in a month after chief EU negotiator Michel Barnier said there had been no discussions over the all-important bill that the U.K. has to agree it will pay before the EU will start trade talks.
“No deal will be a very bad deal, huh? And to be clear on our side we will be ready to face any eventualities and all eventualities,” Barnier, told reporters in Brussels on Thursday. After his words, the pound traded down by as much as 0.6 percent against the euro.
On the question of the financial settlement -- the most intractable of the three pressing issues -- Barnier said: “We have reached a state of deadlock which is very disturbing for thousands of project promoters in Europe and it’s disturbing also for taxpayers.”
Barnier noted that Prime Minister Theresa May had pledged in her speech in Florence last month that the U.K. would continue to pay into the EU budget for two years after the split. He signaled disappointment that this wasn’t followed up in the negotiations this week.