Wed, December 20, 2017
The EU expects the U.K.’s post-Brexit transition period to last until the end of 2020 and are looking for any trade deal to kick in immediately after that.
The U.K. wants a transition period after it leaves the EU in March 2019 to give ascertained to businesses about what rules they’ll be operating under. It would also give more time for the two sides to negotiate a full-blown trade agreement.
UK government will argue that any trade agreement can be negotiated before the transition phase even starts.
Talks between the two sides over the transition phase won’t start until January and securing such an arrangement “isn’t a given, even if the UK and EU agree on the transition terms early next year, it won’t be confirmed until the full Brexit deal is clarified.
Sterling fell to $1.337 this morning against the dollar. The Pound fell to 1.128 against the Euro.
Data to look out today.
13:15 GBP Carney speaks at parliament hearing in London.
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PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
| Day | Time | Currency | Event |
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| WED | 07:00 | EUR | EUR German Producer Price Index (MoM) | WED | 07:00 | EUR | EUR German Producer Price Index (YoY) | WED | 09:00 | EUR | EUR Euro-Zone Current Account s.a. (euros) | WED | 09:00 | EUR | EUR Euro-Zone Current Account n.s.a. (euros) | WED | 11:00 | GBP | GBP CBI Reported Sales | WED | 11:00 | GBP | GBP CBI Total Dist. Reported Sales | WED | 12:00 | USD | USD MBA Mortgage Applications | WED | 13:15 | GBP | GBP Carney Speaks at Parliament Hearing in London | WED | 15:00 | USD | USD Existing Home Sales | WED | 15:00 | USD | USD Existing Home Sales (MoM) | WED | 15:30 | USD | USD DOE U.S. Crude Oil Inventories | WED | 15:30 | USD | USD DOE Cushing OK Crude Inventory | WED | 15:30 | USD | USD DOE U.S. Gasoline Inventories | WED | 15:30 | USD | USD DOE U.S. Distillate Inventory | WED | 00:01 | GBP | GBP GfK Consumer Confidence |
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