UK's Hunt: No deal Brexit would be immensely disruptive economically

Eren Sengezer FXStreet

British Foreign Secretary Jeremy Hunt crossed the wires in the last minutes arguing that a no deal Brexit would be immensely disruptive economically but said that it was necessary to have all the options on the table during a negotiation.

Key quotes (via Reuters)

Declines to say if he would run for Conservative Party leadership, focus is to "get on and deliver brexit".
Would never advocate a no deal Brexit.
If U.S. interests are attacked, they will retaliate, and that is something that the Iranians need to think about very, very carefully.
Message to Iran is do not underestimate the resolve on the U.S. side, in this situation the U.S. are not seeking a conflict.
The long term solution to this problem is for Iran to pull back from the destabilizing activities it does throughout the region.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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