UK: Focus on Brexit negotiations this week – BBH
|Analysts at BBH explain that the UK’s Brexit negotiations begin on Monday and come at an awkward time for UK politics as it is not clear that a majority favor leaving the EU anymore.
Key Quotes
“In last June's non-binding referendum, the decision to leave was carried by the smallest of majorities (52%-48%). Polls (Survation and YouGov) suggest that a growing majority do not want to leave the customs union, and an increasing number want to priorities unrestricted trade over immigration controls. Nevertheless, the Chancellor of the Exchequer Hammond, rumored to be ousted if Prime Minister May won a resounding victory, as the early pre-election polls pointed to, reaffirmed over the weekend that the UK would indeed leave the single market and customs union. This dashes the hopes that the election would spur a reconsideration of the government's strategy instead of a doubling down.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.