EU’s Barnier: Time frame for new relationship deal with UK is hugely challenging

Dhwani Mehta FXStreet

European Union's Chief Brexit Negotiator Michel Barnier said that a failure to reach a Brexit deal will be more harmful for the UK than the EU, Reuters reported. Barnier added that the time frame for a new relationship deal with the UK is hugely challenging.

Additional Quotes:

We will have to prioritise what we need to do this year.

Even if we were to agree on every point of the future relationship with the UK, it would take more than 11 months.

Can be no agreement on a deal on economy and trade with Britain without fisheries and level playing field.

The cable is seeing some fresh selling pressure and drops back below 1.3100 amid subdued US dollar across the board and latest Brexit headlines.

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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