wrapper

UK still likely to leave the EU with a negotiated agreement, says Number 10

Monday, Aug 06 2018
UK still likely to leave the EU with a negotiated agreement, says Number 10

A successful deal with the European Union remains the “most likely outcome” of ongoing Brexit talks, though there is a risk negotiations may fail, Downing Street has said. Theresa May’s official spokesman pointedly repeated the Prime Minister’s earlier warning that the UK’s European partners should not let ideology or bureaucracy get in the way of a “pragmatic and practical” outcome. Number 10 was responding to Liam Fox’s assessment that a no-deal Brexit is now more likely than an agreed withdrawal, with the International Trade Secretary putting the odds at “60-40”.

Former Brexit secretary David Davis has warned that the EU will be making a “massive miscalculation” if it thinks the UK is not ready to walk away from talks without a deal. Mr Davis – who spent months negotiating with Michel Barnier before quitting over Mrs May’s Chequers plan – insisted that EU member states had more to lose from a failure to reach an agreement than the UK.

He told the Daily Telegraph: “This has great scope for being a massive miscalculation on the part of the EU that could end up with no deal by accident. “It’s certainly not the intention of the EU to have a no-deal Brexit but they are misjudging us at the moment. The UK Parliament does not want no deal but it’s certainly not going to be pushed around by the European Parliament.”

More in this category: « Sentix Investors Confidence rose to 14.7 in August

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.