Germany's Merkel speaking in Davos 24 Jan
- see doubts globally on whether govts can resolve issues
- digital single market a major priority for Europe
- Europe needs a capital markets union, completion of banking union
- Europe must take its fate into its own hands
- Brexit has given Europe the courage to move forward
Putting a positive spin on Brexit in true political fashion.
- wants good partnership with UK in the future
- there can be no compromises on EU's core principles in Brexit negotiations but we are open-minded on shape of future partnership
Meanwhile EURUSD 1.2362 still near session highs but EURGBP losing a bit of ground again as GBPUSD marches higher still to post 1.4197. Offers/res at 1.4200 holding for the moment.
Watch the speech live here . In German with English interpreter.
