Differences of Opinion Continue As Brexit Approaches

Differences of opinion continue as Brexit approaches. England has until December 31st. Britain and the European Union (EU) could reach an agreement next week on future trade and security relations, according to the news in Bloomberg. Although no exact release date has been set, the possibility of a Monday news coming from the ongoing talks in Brussels is under consideration. According to information from some sources, the parties continue to disagree on many issues. It seems likely that the negotiations will end up negatively. According to an EU official, for an agreement to be reached, the UK might have to make big political decisions and agree to some inland fishing concessions. Michel Barnier, one of the chief Brexit negotiators in the European Union (EU), will hold a meeting on Friday to inform the ambassadors of the 27 EU member states. It was said that Prime Minister Boris Johnson could also make a phone call to European Commission President Ursula von der Leyen, but this has not been fully confirmed yet. According to the median estimates of 9 strategists who participated in the Bloomberg survey, if the UK and the EU do not agree on a free trade agreement, the pound may lose 5 percent of its value. While the strategists participating in the survey see it possible to reach an agreement, December 31, when the UK will leave the common market, is eagerly awaited.     Source: Bloomberg HT