Talking Points
- Brexit talks begin with the divorce bill high on the list.
- UK assets may be at risk to any commentary.
If you would like to register for this series of webinars, click here
The UK and the European Union will formally start Brexit negotiations on Monday June 19th, just under one year after the UK voted to leave. The two main negotiators, the EU’s Michel Barnier and the UK’s David Davis will meet in Brussels with the divorce bill, the rights of EU and UK citizens and the Northern Ireland border high on the agenda. The pair are expected to make a statement at the press conference later in the afternoon.
UK assets market will be closely watching the opening salvo of negotiations to see if either side is in a conciliatory mood and willing to budge from their, current, rigid stance. GBP will be vulnerable to any news, while the FTSE 100, is likely to move in the opposite direction to the British Pound.
Other crosses will be eyed for further trading opportunities, including EURGBP and GBPJPY.
Other crosses will be eyed for further trading opportunities, including EURGBP and GBPJPY.
Chart: EURGBP One-Day Timeframe (February 20, 2016 – June 16, 2017)
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Don't trade FX but want to learn more? Read the DailyFX Trading Guides
