Brexit Briefing: UK Foreign Secretary Says ’Not a Penny More’

Talking Points

UK Foreign Secretary Boris Johnson says a UK will compensate ‘not a penny more, not a penny less’ than required to leave a EU.

However, he backs down from his prior criticism that a EU could ‘go whistle’ on a final for payment.

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The UK will compensate “not a penny more, not a penny less” than a authorised obligations to a European Union when it leaves a bloc, according to UK Foreign Secretary Boris Johnson, articulate on BBC Radio 4’s flagship Today program.

However, Johnson corroborated down from his prior criticism that a EU could “go whistle” on a remuneration demands, observant this was merely a response to either a UK would compensate “100 billion Euros or Pounds” and not a refusal to compensate anything during all.

Some of a sums that I’ve seen seem to be really high. Of course, we will accommodate a obligations, Johnson said.

The UK’s “divorce bill” has been one of a many quarrelsome issues in a negotiations and Johnson’s progressing criticism was seen during a time as a separator to a “soft Brexit” that would be a many auspicious outcome to a talks for a British Pound and other UK assets. A disaster by a dual sides to agree, or no Brexit during all, are both seen as reduction certain for a banking than a negotiated settlement.

In a markets, GBP/USD was firmer Friday after a solid decrease so distant this month.

Chart: GBP/USD Five-Minute Timeframe (August 25, 2017)

Brexit Briefing: UK Foreign Secretary Says 'Not a Penny More'

Chart by IG


Upcoming UK/EU Event Risk

— Written by Martin Essex, Analyst and Editor

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