UK PM spokesman talking to reporters at daily briefing 29 Jam

No rush then ?

  • UK position remains implementation period of 2 years
  • there will naturally be some distance between UK and EU on starting position detail

When asked about criticism that May is not bold enough on Brexit (comments made by so-called bestie Trump in a tv interview) the spokesman said:

  • many doubted she could get agreement on first phase and we are moving toward agreeing an implementation period and discussing future ties

Maybe, if we are to believe the numerous reports in recent weeks but behind the smoke and mirrors from both sides I'm still not convinced as much progress is being made as some think.

Witness recent comments by Merkel about EU not giving up on core points of negotiations (e.g ECJ rule) and the fact that a Brexit divorce bill is yet to be settled.

Hey ho, let's see what plays out but for the moment GBPUSD finding a few buyers into 1.4060 still with demand/bids behind at 1.4050. Offers/res now building between 1.4080-00

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Meanwhile,