EU chief Brexit negotiator Michel Barnier speaking at a conference for European reform

(There’s probably only 5 people in attendance there 😉  )

  • EU must continue to have a close relationship with the UK
  • An agreement on an orderly withdrawal is key for close ties with UK
  • Brexit could prove to be a turning point for the European project
  • UK will lose benefits of the single market
  • UK financial services providers will lose their EU passport

GBPUSD is slightly softer as these headlines come out. 1.3250 is trading from 1.3260.

I thought this was a conference on European reform??

  • EU is ready to offer its most ambitious trade agreement to the UK

Some carrot dangling by Barnier.

Ryan Littlestone

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