Germany is unconvinced by UK PM May's post-Brexit customs plan - Bloomberg

Eren Sengezer FXStreet

Citing a person familiar with Germany's stance on the subject matter, Bloomberg reported that German Chancellor Angela Merkel’s government was unconvinced by the U.K. Prime Minister Theresa May’s 'latest attempt at a compromise arrangement for customs after Brexit.

Merkel's government sees the customs plan unworkable, the source further claimed.

"German reticence threatens to undermine May’s proposal on how customs will operate at a time when she is already fighting for backing from members of her own Cabinet. In a statement welcoming May to the Chancellery, Merkel reminded the prime minister that the clock is ticking toward the U.K.’s exit from the EU in March 2019," Bloomberg reported.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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