Barnier says UK must recognize Brexit financial obligations to EU

EU's chief Brexit negotiator Barnier also up to the rostrum in Brussels 12 July

Next cab off the rank with the same EU mantra.

  • need progress on all 3 priority Brexit issues to pass second phase of trade talks
  • sooner we make progress on first phase sooner we can start talking about future relationship
  • numerous differences with UK on proposals for expat rights
  • not holding UK to ransom but payment needed to build confidence
  • wants to discuss Brexit bill line by line but agreement needed to move to next phase of talks

In reference to BoJo's Brexit bill comments yesterday Barnier says:

"I am not hearing any whistling, just a clock ticking."

Touche.

Meanwhile GBPUSD treading water around 1.2860 still as EURGBP nudges back to 0.8910 after holding 0.8900

EU's Barnier doesn't hear whistling, just a clock ticking

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