UK: Terms of Brexit looking harder and harder - Rabobank

Sandeep Kanihama FXStreet Contributor

Michael Every, Head of Financial Markets Research at Rabobank, suggests that in the UK we continue to see government arm-wrestling over the likely terms of Brexit, which is looking harder and harder, and hence GBP is looking softer and softer.

Key Quotes

“Indeed, the Walloon issue underlines that a new UK-EU trade deal post-Brexit might take as long as a decade to trash out. As Bloomberg notes, there is also the looming issue over whether BoE Governor Carney will be staying on as part of the Brexit carnival.”

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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