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2020/10/16 / Erste Group Research

EU and UK cannot agree

The outcome of the EU summit, which did not make any concessions to the UK yesterday, was followed today by the reaction of the UK government. In a televised speech, prime minister Johnson told his countrymen to prepare for a future relationship with the EU such as Australia currently has. This is a paraphrase for a failure of negotiations. This could only be avoided if the EU fundamentally changes its position, according to Johnson. A final agreement is not impossible, but it seems very unlikely, according to this statement, in our view.

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General information

AuthorErste Group Research
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusEurozone
Currency in focusEuro
Sector in focus-


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