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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Do you know the difference between investing and trading? Because while the goal might seem the same, they're very different things . Learn more here.https://t.co/fG6fNEPj9q https://t.co/ymGaYjrl1g
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/FOMcsxci50
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.https://t.co/Y6XECmr5fQ https://t.co/XQI3PN4bkQ
  • Nasdaq 100 may hit new high soon. https://t.co/ACtVqiOBl0
  • HSTECH index has likely formed an "Inverse Head & Shoulders" pattern. https://t.co/YFIQEYmuyq
  • The HSI has likely formed a “Double Bottom” chart pattern, which is usually viewed as bullish-biased. https://t.co/wMQ14A867Q
  • When markets are falling, how can you short sell? Learn more here:https://t.co/K4EFd6A6xd https://t.co/ynjtSQqHVy
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!https://t.co/72oKM0kLHL https://t.co/dLBhWmxuub
  • Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer. Get your weekly Euro forecast from @MartinSEssex here: https://t.co/g6aCr7Uxg2 https://t.co/KZHBa4GXCN
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/Z8oipLero0
Post-Brexit Trade Talks Latest - EU and UK Upping the Ante on Trade Negotiations

Post-Brexit Trade Talks Latest - EU and UK Upping the Ante on Trade Negotiations

Nick Cawley, Strategist

EU/UK Trade Talks News and Analysis:

  • High levels trade talks on Monday.
  • No extension to the transition period.
  • A new series of EU/UK future relation negotiations.

EU and UK Trade Talks May Get a Re-Boot in the Coming Weeks

UK PM Boris Johnson and EU Commission President Ursula von der Leyen will speak via video link on Monday afternoon, June 15, in the latest attempt to get EU/UK trade talks back on track. The talks have made no real progress so far and with the UK refusing to extend talks further, this high level meeting, along with a new set of discussions just announced, may well break the current deadlock. And a breakthrough is needed as the EU Commission has just formally accepted that the UK’s refusal to extend the trade talks is final. After speaking with UK cabinet member Michael Gove, who reiterated that there will be no extension of the transition period, EU Commission vice-president Maros Sefcovic said that while the EU remains open to an extension, they accept that the UK’s position is definitive.

The EU and UK negotiating teams have also just announced further negotiating rounds will take place in July, August and September, ‘in order to intensify the talks and to create the most conducive conditions for concluding and ratifying a deal before the end of 2020’. In addition, the Chief Negotiators from both sides with their teams. ‘will meet as necessary in a more restricted format to ensure progress in the negotiations’.

While these additional talks may add some impetus to the negotiations, the two sides remain far apart and entrenched over the role of the European Court of Justice, a level playing field for UK and European businesses and EU access to UK fishing waters. Both sides continue to blame each other over a lack of movement and it will take a major backdown by one or both sides to get the talks moving forward. Any sign of progress in these talks will boost sentiment in both the Euro and Sterling and help steer the conversation away from the economic destruction caused to both sides from the COVID-19 virus.

What is your view on EUR/USD – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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

DISCLOSURES