Brexit: Additional concessions by the UK before proceeding – BBH

There was an informal EU head of state meeting, and leaders indicated they are waiting for additional concessions by the UK before proceeding, notes the research team at BBH.
Key Quotes
“UK Prime Minister May met with the Swedish and Polish prime ministers last night. These prime ministers are thought to be more sympathetic to the UK's cause than others. Today she meets with Ireland's Prime Minister Varadkar and EU President Tusk. In recent days, some officials, including in Germany, seemed to indicate concern that if May is pushed too hard, her position would be untenable and her replacement would likely come from the harder Brexit camp. That said, there are reports suggesting May is prepared to double her initial GBP18 bln financial commitment, though other reports deny it.”
Author

Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

















