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UK wants interim customs union

Aug. 15, 2017 4:50 AM ETEWU, FXB, GBB-OLD, EWUS, FKU, DXPS, DBUK, QGBR, HEWUBy: Yoel Minkoff, SA News Editor3 Comments
  • Brexit Secretary David Davis is calling for a temporary customs union with the EU after Brexit, but also wants the country to negotiate other trade deals, which could be a sticking point in the divorce talks.
  • The Brexit transition will be, most likely two years, he added, while insisting there was no chance of the U.K. agreeing on a Brexit bill "number" by this fall.
  • FTSE 100 +0.3% to 7,375; Sterling -0.3% to $1.2927.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR

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