Sterling Soars After Britain, EU Agree On Brexit Divorce Bill: Telegraph
by Tyler Durden
ZeroHedge.com
Nov 28, 2017
The Telegraph is reporting that British and EU negotiators have reached a deal over the so-called ‘Brexit bill’, opening the door to a potential breakthrough in the talks this December. According to the report, that the final figure, which is deliberately being left open to interpretation, “will be between €45bn and €55bn, depending on how each side calculates the output from an agreed methodology.”
Telegraph quotes sources on both sides who have confirmed that “an agreement-in-principle has now been reached” over the EU’s demand for a €60bn financial settlement ahead of a crucial lunch meeting next Monday between Theresa May and Jean-Claude Juncker, the European Commission president. As a result of the breakthrough on money, only two major obstacles are left open to overcome in order to make progress when the European Council meets on December 14-15. These are defining the role of the European Court of Justice in governing the agreement on the rights of 3.2m EU expats in the UK after Brexit, and the continued row between London and Dublin over avoiding a return of a hard border in Northern Ireland.
And while Cable has surged on the news…
The Rest…HERE
