10th September 2018

Rare ray of sunshine as Brexit negotiations continue

This week we had an announcement that Britain and Germany had agreed to drop specific sticking points around the shape of our future relationship with the EU, which was perceived to make an exit deal more likely. While the pound did strengthen on the news, reports of a surge were overblown as it remained far from its six-month high against the dollar. The positive sentiment has also been undermined by both the Conservative back benches and EU negotiators, who have decided to call time on Theresa May’s Chequers proposal, albeit for very different reasons.


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