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Brexit Negotiations Start

• Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
• June 19, 2017
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Brexit Secretary David Davis starts negotiations in Brussels today that will set the terms on which Britain leaves the European Union and determine its relationship with the continent for generations to come.

Almost a year to the day since Britons shocked themselves and their neighbours by voting on June 23 to cut loose from their main trading partner, and nearly three months since Prime Minister Theresa May locked them into a two-year countdown to Brexit in March 2019, almost nothing about the future is clear.

Even May’s own immediate political survival is in doubt, 10 days after she lost her majority in an election.

Davis, who unlike May has long campaigned to leave the EU, will meet chief EU negotiator Michel Barnier, a former French minister, at the European Commission’s Berlaymont headquarters at 11 a.m. They are due to give a joint news conference after talks among their teams lasting seven hours.