24/08/2018 – UK Government Releases No Deal Papers 


Yesterday Brexit Secretary Dominic Raab set out what he called “practical and proportionate” advice in case the UK leaves the EU without a deal. With less than eight months to go until the March 29 exit day, Britain has yet to reach a divorce agreement with the bloc. He said he was “absolutely clear” the UK was better out of the EU whilst diplomats in Brussels expect an informal deadline of October to be missed.

Raab said he was confident a good deal with the European Union remained in sight, but it was right to set out a “measured and proportionate” approach outlining the risks if the two sides cannot agree. His guidance includes instructions for businesses who could face extra paperwork at borders and contingency plans to avoid medicine shortages. Britons visiting the EU could also face extra credit card charges and businesses trading with the EU should start planning for new customs checks, and might have to pay for new software or logistical help.

Key Announcements

13:13 – USD: Core Durable Goods Orders
15:00 – USD: US FED Chair Powell Speaks