UK: Focus on EU leaders summit outcome – TDS

Analysts at TDS point out that EU leaders wrap up their 2-day summit where they’re fully expected to approve the Phase 1 Brexit agreement reached last week between PM May & EC President Juncker.

Key Quotes

“This sets the stage for Phase 2 discussions, where we expect the EU27 to offer a transitional agreement to the UK in the coming weeks that allows the UK to remain within the EU “acquis” (while not participating in EU institutions) until end-2020.”

“In early 2018, EU27 leaders will begin discussion on the framework of the trade agreement that will be offered to the UK, with much of 2018 EU/UK negotiations focused on this framework. Full-blown trade negotiations are not expected to begin until April 2019.”