Home » Currency Note » Currency Note » Currency Note EUR » EUR: Barnier’s deputy says no chance of Brexit reversal

There are those in the UK who still clamour for a second referendum, but yesterday the EU’s Deputy Chief Negotiator with the UK, Sabine Weyand, said that ‘the chances for a reversal of Brexit are non-existent’. It is not hard to realise why, especially given that there is not a majority in the Commons for a second referendum. Weyand also said that Corbyn’s proposals deserve serious consideration, although May has already rejected them.

It remains to be seen what relationship the UK actually wants with the EU after Brexit, despite two years of negotiations. The Brexiters who insisted that there is a clear solution to Brexit have all resigned from their negotiating positions and now bleat from the sidelines. It is clearly complicated and made even more so with no consensus in the Commons or the country as a whole.

There were no economic data releases from the eurozone yesterday and it is quiet today too. However, things pick up tomorrow, when we will see industrial production figures from December 2018. On Thursday, we will see the GDP growth rates from Germany and the eurozone, which could cement the idea that the eurozone’s economy has been seriously struggling in recent months.

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