Sat. Nov 28th, 2020

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Another barricade to be hit in Brexit talks

1 min read
Gbp vs Euro

The Financial Times report that Brexit trade talks set to stall again over British truckers’ European Union access.

Brussels warns that UK demands on haulage are too close to single-market rights..Brussels has rejected the UK’s opening demands for continued wide-ranging access to the EU for British truckers.

This is just one of the points upon which negotiations will stall followed by fishing rights, state subsidies are others. Talks are scheduled this week between the two sides.
Brussels has rejected the UK’s opening demands for continued wide-ranging access to the EU for British truckers, setting the stage for a clash when Brexit trade negotiations resume on Wednesday, according to the Financial Times.

Since politicians are incentivised not to concede early, the current Brexit trade talks are likely to push well into September, according to analysts at Rabobank.

The analysts at Rabobank argued that this could see EUR/GBP pushing towards the 0.92 level as nerves become increasing frayed.

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