UK's Hammond: There has been a hit to the UK economy due to Brexit uncertainty

Haresh Menghani FXStreet

The UK finance minister Philip Hammond was out on the wires in the last hour, saying that there has been a hit to UK economy due to Brexit uncertainty.

Key quotes:

• There will be a boost to the UK economy when PM May lands a deal.
• Many businesses are sitting on their hands.
• Next few weeks will be critical, this is a live negotiation.
• The mood is that EU wants to do a deal.
• We have our red lines, non-negotiable parts of the Brexit talk.
• We are talking about how to implement customs arrangements.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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