John from Moneycorp

Brexit – what happens next?

33 posts in this topic

Moneycorp
Moneycorp

Brexit Battle with Barnier

A promising start?

David Davis has begun Brexit negotiations with the EU as both sides met face to face for the first time yesterday and exchanged hiking gifts in an attempt to break the ice. Davis entered with a ‘positive and constructive’ frame of mind to build a ‘strong and special partnership’ with the remaining EU members. 

The initial exchanges will continue to focus on setting out how talks will proceed in future as they look to put in an orderly process for negotiations. The early view from the joint press conference yesterday afternoon sounded as expected with Davis saying talks got off to a ‘promising start’ and Barnier re-iterating initial points about there being ‘substantial consequences’ from Brexit as they stick to the EU Agenda of negotiating the Departure Bill before any trade deals. 

There was very limited reaction in the currency markets as a result, but there are various comments in the papers- most notably from Tim Farron the former Lib Dem Leader who claims Davis has capitulated on day one!

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Next round of Brexit talks start today, should be interesting. 

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