According to the latest wires, via Reuters, Prime Minister Theresa May says she will file Britain's divorce papers this month. The stage has been set and the future of 65 million Britons and citizens of the other 27 EU states is about to change for the generations to come.
Key Highlights:
•The EU-27 face politically loaded decisions at a summit expected in April that could set out: what London must settle first - potentially an "exit bill" worth tens of billions of euros; what it must wait for - say talks on a UK-EU free trade deal; and how negotiations will be structured.
•Some see poorer eastern European states, already at odds with the rich powers on various other issues, as particularly vulnerable to London courting them with money - Brexit will blow a hole in the EU's subsidy budget.
•Michel Barnier noted two relevant areas to discuss, one area is what Britain owes - not a final number but how it will be calculated come 2019. Other EU nations want it to pay its share of spending commitments agreed when it was a member. The second area is what rights, of residence, welfare and so on, Britons now living in the EU and Europeans living in Britain may retain after Brexit.
Meanwhile, the GBP/USD pair navigates bearish waters as the cable subjugated to the US dollar and, as of writing, breaks below its 50-DMA and 100-DMA near 1.2320.
© 2013 "FXstreet.com. The Forex Market" Todos los Derechos Reservados. Todos nuestros esfuerzos están destinados a proporcionar información precisa y completa. Aún así, con los centenares de documentos disponibles, a menudo publicados con poco margen de tiempo, no podemos garantizar la falta de errores en los mismos. Cualquier publicación o redistribución de contenido de FXstreet.com está absolutamente prohibido sin el consentimiento previo por escrito de FXstreet.com.
Recommended content
Editors’ Picks
EUR/USD clings to recovery gains near 1.0850 ahead of Fedspeak
EUR/USD trades in positive territory near 1.0850 on Friday following a four-day slide. China's stimulus optimism and a broad US Dollar correction help the pair retrace the dovish ECB decision-induced decline. All eyes remain on the Fedspeak.
GBP/USD pares UK data-led gains at around 1.3050
GBP/USD is trading at around 1.3050 in the second half of the day on Friday, supported by upbeat UK Retail Sales data and a pullback seen in the US Dollar. Later in the day, comments from Federal Reserve officials will be scrutinized by market participants.
Gold at new record peaks above $2,700 on increased prospects of global easing
Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Growing prospects of a globally low interest rate environment boost the yellow metal.
Crypto ETF adoption should pick up pace despite slow start, analysts say
Big institutional investors are still wary of allocating funds in Bitcoin spot ETFs, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class.
Canada debates whether to supersize rate cuts
A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.