Free Trial

Following on from 1009GMT Sterling bullet, the...>

UK
UK: Following on from 1009GMT Sterling bullet, the deadline of June 30 for
deciding on whether an FTA is possible is due to the fact that even if a deal is
agreed by both sides, it will need to be ratified by UK parliament, all member
state parliaments, and some regional parliaments to come into force.
- Potential obstacles here exemplified in EU negotiations with Canada over CETA,
where implementation of the agreement was delayed by a vote against the deal by
the Wallonain parliament in Belgium. 
- UK gov't holding to hard line that there will be no extension to the
transition period. This line is likely to hold given govt's large majority in
parliament, with political interests trumping potential economic fallout from
going to WTO terms with the EU. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.