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  • UK now denying there has been significant progress - govt source says

Added at 12:33pm

Added at 12:33pm

entirely predictable.
Pump some false hope news in on Sunday so price moves up and all the big dogs can get themselves a better entry for the fall...
Why would either side concede?

In a normal negotiation, that doesn't involve politicians, it would have been obvious many months ago, that there is no deal to be had.

But a politician can't afford to have his/her name attached to the decision to withdraw. They are in the game of delay and evasion. We have no leaders.

So on this drags.

There will be no deal.

Just like with Trump v China..... there will be no deal, unless a spin doctor can think of a way to make it look like an agreement has been made, when there hasn't been (akin to Trumps phase 1 trade deal).

Amazing markets don't get that.
  • Post #4
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  • Edited at 1:27pm Dec 14, 2020 1:01pm | Edited at 1:27pm
Quoting ww3361
Why would either side concede? In a normal negotiation, that doesn't involve politicians, it would have been obvious many months ago, that there is no deal to be had...
Well good point but I would IMHO think on the contrary.. if it were a normal negotiation it would have been sorted months/years ago. Its the political sensitivities on the UK side that have created the problems. Trade agreement negotiations are not the place for asserting sovereignty and independence.. their purpose is to manage Interdependence..

The LSEs Nick Westcott published recent thoughts on why Brexit has proved so difficult which is interesting..

"A peculiar notion of sovereignty underpins the three main reasons why the government will fail to get a good outcome. Firstly, very few British ministers, or Tory MPs, seem to have much understanding of how the EU works or negotiates. After 40 years inside the belly of the beast, this is surprising; but it seems to be a point of principle not to understand, nor to take advice from those who do.
Secondly, the government has sidelined Britain’s economic interests, except fishing, in the interests of what they declare to be ‘sovereignty’, a matter seen as quite distinct from the national interest as a whole.
Thirdly, their definition of “sovereignty” has made failure inevitable. It is a definition closer to that used by North Korea than to that of any other free-trading western nation. Real sovereignty is about protecting a country’s interests, not simply its borders and laws, and by that measure every form of Brexit now on offer reduces Britain’s sovereignty, and a ‘no deal’ Brexit damages it most".
LSE full article here:https://blogs.lse.ac.uk/brexit/2020/11/27/a-peculiar-definition-of-sovereignty-is-the-root-cause-of-a-failed-brexit/

Naturally not everybody will agree.
‘As ever, remember, the number of people that really knows what is going on in the talks is extremely small’

Yet the breaking news keeps coming from every angle and corner a dozen of times daily.
Who is tired about this #BREXIT & it's impact on the fx market?

The drama is now looking very boring to me
It'll get even worse once there's agreement it then goes to politicians this could go on for many months yet (even years), as politicians rip chunks out the negotiations start all over again. EU actually said we've been negotiating a deal in 12 months that would normally take 5 years so they're going great guns in their world! Meanwhile UK is going across the world rubber stamping trade deals with countries on a daily basis it was 57 countries last count.
Quoting RossEdwards
{quote} Well good point but I would IMHO think on the contrary.. if it were a normal negotiation it would have been sorted months/years ago. Its the political sensitivities on the UK side that have created the problems. Trade agreement negotiations are not the place for asserting sovereignty and independence.. their purpose is to manage Interdependence.. The LSEs Nick Westcott published recent thoughts on why Brexit has proved so difficult which is interesting.. "A peculiar notion of sovereignty underpins the three main reasons why the government...
Yes interesting
I still think he missed the opportunity to slip in the thick as two planks saying about the larger opposing view.
Quoting Onyishi
Who is tired about this #BREXIT & it's impact on the fx market?
To say I'm tired of this Brexit thing is putting it mildly. I'm sick to death!
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  • Posted: Dec 14, 2020 12:22pm
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    Category: Low Impact Breaking News
    Comments: 9  /  Views: 2,649
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