A cup of tea and a Brexit - ANZ

Analysts at ANZ explained that Brexit commentary will be closely watched this week as UK Ministers made comments suggesting they weren’t 100% committed to the promises made last week to secure a deal, especially as regards the vexed question of the Irish border. 

Key Quotes:

"In particular, Brexit Secretary David Davis commented that the deal “was much more a statement of intent than it was a legally enforceable thing” – though he later backtracked."

"EU envoys made it clear overnight that the next phase of talks would not occur if the deal doesn’t stand. The uncertainty saw UK bonds gain and GBP edge lower overnight."