UK Prime Minister Theresa May: The EU must show goodwill for a Brexit deal

Joshua Gibson FXStreet

According to Reuters, citing unnamed sources in Downing Street, the UK's Prime Minister Theresa May will be speaking in Austria later today, where she is expected to deliver comments doubling down on the UK's reconciliatory stance towards negotiations with the European Union, even as her own Tory party threatens to undermine any efforts she succeeds in accomplishing.

Key highlights

PM May is urging the EU to reflect Britain's position on Brexit and begin showing flexibility, stating that goodwill and determination are required to avoid a disorderly Brexit.

PM May promises to honour her commitment to ensure there is a workable protocol on the Irish border issue, but that agreement must still respect the UK's economic integrity.

Both the EU and the UK need to stop demanding the "unacceptable" from the other side, using the external customs borders within different regions of the UK as an example.

While the UK is not seeing EU rights membership without obligations, May will be repeating that she is seeking a "fair arrangement".

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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