Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Brexit Briefing: Hostilities Resume as Juncker Hopes for a Miracle

Brexit Briefing: Hostilities Resume as Juncker Hopes for a Miracle

Talking Points

- European Commission President Jean-Claude Juncker has slapped down hopes of a Brexit breakthrough by the time of a summit in Brussels late next month.

- UK Prime Minister Theresa May says she’s looking for the EU to reciprocate after her speech last Friday setting out her vision for a ‘deep and special relationship’.

Check out our Trading Guides: they’re free and have been updated, with several new ones now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

By the end of October, the EU and the UK will not have made sufficient progress in their Brexit talks to move them on to discussions about the future relationship between Britain and the European Union, according to the European Commission President Jean-Claude Juncker.

“At the end of this week, I am saying that there will be no sufficient progress from now until October unless miracles will happen,” he said. The UK had been hoping to progress from talks about expatriate rights, the border between Northern Ireland and the Irish Republic, and the divorce bill to negotiations about the future ties between the two squabbling partners.

In particular, the UK had been hoping for a breakthrough by the time of a summit in Brussels on October 19-20. However, Juncker was not alone in expressing skepticism, with both the Dutch and Irish Prime Ministers echoing his sentiments.

However, UK Prime Minister Theresa May sounded more hurt than confrontational in her latest comments Friday. “A week ago I gave a speech in Florence which set out how we have made good progress so far; I thought we could make further progress and moving on to looking at the future deep and special relationship and partnership that we want to build with the European Union when the UK has left the EU,” she told the Reuters news agency.

“I set out what I thought was the future deep and special partnership we can build with the EU and I look for the speech that I set out for that being reciprocated in proposals that the EU will come forward with.”


Upcoming UK/EU Event Risk, October 2, 2017, All Times GMT

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at

Follow Martin on Twitter @MartinSEssex

For help to trade profitably, check out the IG Client Sentiment data

And you can learn more by listening to our regular trading webinars; here’s a list of what’s coming up

Like to know about the Traits of Successful Traders? Just click here

Or New to Forex? That guide is here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.