EC’s Tusk to release draft Brexit guidelines for Barnier by end of Friday - BBG

Dhwani Mehta FXStreet

According to three people familiar with the matter, the European Council (EC) President Donald Tusk is expected to publish draft guidelines for Brexit Chief Barnier by the end of this week after the UK PM May triggers the Article 50 today, Bloomberg reports.

The sources noted that Tusk’s guidelines for Barnier will probably limit the scope of the upcoming talks to the terms of the divorce and not include a future trade relationship with the UK.

Tusk’s guidelines will be sent to the 27 remaining members of the EU for discussion and ratified at a summit of leaders on April 29 in Brussels, after which they will set the framework for the negotiations.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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