UK Brexit Sec. Davis: Brexit transition will be ‘strictly time limited’

Eren Sengezer FXStreet

The UK Brexit secretary David Davis crossed the news wires in the last minutes, providing the key quotes, via LiveSquawk, found below.

Brexit transition will be ‘strictly time limited’.

Transition to provide time to build infrastructure.

Immediate goal is reaching agreement on implementation period.

Confident can reach political agreement at march EU council.

Article 50 extension wouldn’t solve legal problems of ratifying withdrawal.

UK, EU agree on need to have strict time limit for implementation period.

Agree on need for continued access to each others markets on current terms.

Must discuss how eu regulators can provide clarity during transition period.

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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