Comments following another round of Brexit negotiations
- UK has offered EU citizens the right of return to UK if UK citizens can move around the EU27 states
- We have made considerable progress in talks
- EU and UK are making decisive steps forward
- We have made progress on citizens rights and welfare but questions remain on enforcement
- UK disagrees with ECJ enforecment
Barnier out now too.
- Florence speech created a new dynamic
- We’re not there yet on Brexit talks (where are we then?)
- More work to be done
- EU & UK didn’t agree the ECJ must play a role
- A big gap remains on family unification
- Talks on financial settlemet was useful
So as bullish Davis but Barnier is playing his cards closer to his chest
And now he’s turning less positive than Davis:
- We can only reach progress if all committments are honoured
- We haven’t yet achieved sufficient progress
- UK made clear it will only meet budget commitments through 2019/20
Surprisingly cable’s up a touch on this. 1.3391 trades from 1.3362-ish. GBP traders seem to be favouring the Davis comments over Barnier.
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