UK Brexit minister Davis out on Reuters 12 April
"Virtually nothing" = we hope, but we don't really know yet
- will have a good idea if there is going to be a Brexit deal by end of this year
- trade deal will not be legal text by October
- free trade needs a champion atm
- UK trade argument will be about regulation not tariffs
- we have a foot in the Washington door to influence US on trade
- need substance of post-Brexit deal by Oct
- expects a lot of detail in negotiated deal later this year
- no point of having a transition period if you are unsure what comes after
Exactly. Thanks for popping by Mr D. It's been really informative. Not.
"We have a foot in the Washington door to influence US on trade" - Is that the pay-off for helping to bomb Syria?
GBPUSD unfazed at 1.4185 still. EURGBP 0.8718 and GBPJPY 151.63 all contained for the moment.
Lest we forget that Brexit lurks in the shadows still while all the other fragility plays out.
