UK PM Theresa May urged to walk out if the EU wont talk trade - Telegraph

Dhwani Mehta FXStreet

The UK’s newspaper, Telegraph, published a story earlier on the day, citing that the UK PM Theresa May urged to walk out if the EU agree on trade talks.

Key Quotes:

“In an open letter to the Prime Minister, four former Cabinet ministers, as well as MPs, business leaders and academics demanded she "formally declare" that Britain will leave the EU and conduct trade deals via the World Trade Organisation.

The warning from the Leave campaign comes after the EU talks became deadlocked and amid fears the beleaguered Prime Minister will be humiliated at a key summit of EU leaders in Brussels.

Sources in Brussels have told The Telegraph that EU leaders will tell Mrs May Britain must agree to pay some money into the EU budget until 2023, rather than 2021 under the current offer, before there can be any movement on trade talks.“

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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