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EUR/GBP Range Trades But Downside Looms

From dailyfx.com

UK Prime Minister Theresa May will meet with her cabinet today to discuss the UK’s future trading relationship with the EU, a potentially challenging and divisive set of talks. The UK’s stated position that it is after a bespoke set of trade agreements is very much at odds with the EU whose chief Brexit negotiator Michel Barmier has clearly stated that Britain cannot have a special deal. And one area that is at the heart of the upcoming discussions is financial services, an area that contributed around GBP69 billion to the UK economy, according to data from The CityUK. UK Brexit minister David Davis recently said ... (full story)

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