UK: Focus on EU leaders summit outcome – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS point out that EU leaders wrap up their 2-day summit where they’re fully expected to approve the Phase 1 Brexit agreement reached last week between PM May & EC President Juncker.

Key Quotes

“This sets the stage for Phase 2 discussions, where we expect the EU27 to offer a transitional agreement to the UK in the coming weeks that allows the UK to remain within the EU “acquis” (while not participating in EU institutions) until end-2020.”

“In early 2018, EU27 leaders will begin discussion on the framework of the trade agreement that will be offered to the UK, with much of 2018 EU/UK negotiations focused on this framework. Full-blown trade negotiations are not expected to begin until April 2019.”

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.

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