UK: Terms of Brexit looking harder and harder - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that in the UK we continue to see government arm-wrestling over the likely terms of Brexit, which is looking harder and harder, and hence GBP is looking softer and softer.

Key Quotes

“Indeed, the Walloon issue underlines that a new UK-EU trade deal post-Brexit might take as long as a decade to trash out. As Bloomberg notes, there is also the looming issue over whether BoE Governor Carney will be staying on as part of the Brexit carnival.”