Merkel hopeful that next phase of Brexit talks can begin in December

German chancellor speaking in Brussels at the EU summit 20 Oct

  • phase 2 talks will depend though on UK movement on financial settlement

And therein lays the rub. May adamant it’s all part of the final agreement and EU mostly saying it has to be sorted first. So where’s the middle ground to be found ?

  • EU decisions on future of Eurozone will have to wait for formation of new govt in Berlin
  • will have to discuss European reform decisions with potential coalition partners before acting

Lest we forget that Germany currently has political issues of its own.
EURUSD still trading close to 1.1800 with EURGBP still on the back foot and helping to underpin GBPUSD which has now posted 1.3190 session highs.                              » Keep smiling til the cameras stop» » Sure Angie» Article Source

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