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European Union would not be rushed in negotiations with Britain - BBC

Irish foreign minister, Simon Coveney, was speaking to the BBC today and said the European Union would not be rushed in negotiations with Britain to thrash out their post-Brexit relationship.

"The European Union will approach this on the basis of getting the best deal possible - a fair and balanced deal to ensure that the UK and the EU can interact as friends in the future - but the EU will not be rushed on this," he told the BBC.

FX Implications

We are all quiet on the Brexit front, which could be regarded the quiet before the storm. Considering the timeline for which PM Boris Johnson is set for negotiations, headlines such as this underpins the notion that a year is not going to be sufficient enough and raises the implications of a hard Brexit again - GBP negative. 

 

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