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Brexit – Today’s Talks Could Bring About a Compromise

07 May 2019 Maria Gregoriou

The UK government will meet with the Labour party today to define how Brexit will progress. According to Foreign Secretary Jeremy Hunt, the talks may bring about compromise even though he does not personally favour a long-term customs union This could mean that the compromise would be to put a customs union in place short-term.

These compromises may be essential, otherwise, a general election or a second referendum becomes more of a probability.

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Market focus

  • German IFO business climate index drops in May
  • Eurozone: Flash PMI signals subdued business growth amid stagnant demand
  • German private sector maintains modest pace of output growth in May - IHS Markit
  • Germany's GDP increased by 0.4% in the first quarter of 2019, as expected

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