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Brexit negotiations in a “disturbing state of deadlock”

hard Brexit

On the current state of the Brexit negotiations, Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: “As expected, the EU’s chief Brexit negotiator has confirmed that the EU and UK have not progressed far enough to move on to the next stage of discussions. Along with uncertainty on the future Northern Ireland/Republic of Ireland border, both sides seem to have not found an agreement on the UK’s final bill.

“Following Barnier’s comments Sterling has weakened, with the risk that the deadlock could become permanent. Markets are however also likely to focus on his comments that “decisive progress” could be made by Christmas – limiting any sell-off in UK-related assets.”