Introduction to European Fundamentals | Episode 14: Brexit Negotiation Extension Round [Miko Matsuzaki]

Miko Matsuzaki Profile

Matsuzaki Yoshiko. Began her trader career at Swiss Bank Tokyo Branch. In 1988 she moved to the UK, and in 1989 she joined the Dealing Room at Barclays Bank London Head Office. She gave birth in 1991. In 1997 she transferred to the U.S. Merrill Lynch Investment Bank in London’s City, and later retired in 2000. She now shares Europe-direct information through blogs, seminars, and YouTube for Japanese individual investors, in addition to FX trading. Her books include "Miko Matsuzaki’s London FX" and "London FX That Always Makes Money" (both published by Jiyu Kokuminsha). Since 2018 she has run the Fundamental College. She also started an online salon for FX at DMM titled "FX no Ryuugi."

Blog:http://londonfx.blog102.fc2.com/
Fundamentals College:https://fundamentals-college.com/
Online Salon:https://lounge.dmm.com/detail/1215/

※ This article is a republished and revised version of an article from FX攻略.com, November 2020 issue. Please note that the market information in the main text may differ from current market conditions.

No Signs of Concession in Further Negotiations

Because the UK decided at the end of June not to extend the transition period, negotiations for withdrawal from the European Union (EU) will be terminated by the end of this year, with or without agreement. If an agreement can be reached by then, there is no problem, but neither the EU nor the UK have shown flexibility, and the situation remains tough.

Typically in mid-August during summer holidays, but due to travel restrictions from the COVID-19 pandemic, this year European and UK negotiators gathered in Brussels for their seventh round of talks (Figure ①). The result was that neither side moved on their positions, and no agreement was reached.

What are the Non-Negotiables for the EU and the UK

What kinds of issues are preventing an agreement? Four were found.