Categories: Market Overview

Brexit: ‘Large gaps’ remain after trade talks with Ursula von der Leyen

Downing Street said “very large gaps remain” but talks will continue, with a “firm decision” by Sunday on whether a deal can be reached. Mrs von der Leyen said the two sides were still “far apart”.

Talks between the UK’s chief negotiator Lord Frost and the EU’s Michel Barnier will resume in Brussels later. The two negotiators also attended the three-hour dinner meeting between the two leaders. The BBC’s Laura Kuenssberg said the evening had “plainly gone badly” and the chances of the UK leaving the post-Brexit transition period at the end of the year without a firm arrangement was a “big step closer”.

Time is running out to reach a deal before 31 December, when the UK stops following EU trading rules. Major disagreements remain on fishing rights, business competition rules and how a deal will be policed. The dinner was seen as a last-ditch opportunity to work through the main sticking points and for the two sides to try and find some common ground.

There is a chance still that a couple of frantic days could result in a change. The prime minister could decide that after all, the potential disruption of no deal is just too great to risk. The EU president might be able to persuade continental leaders to budge, as they gather in Brussels today. But the chance of reassessing and refreshing the efforts seem now remote.

Brexit: ‘Large gaps’ remain after trade talks with Ursula von der Leyen, BBC, Dec 10

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team
Tags: brexit

Recent Posts

AUDJPY Wave Analysis – 5 December 2025

AUDJPY: ⬆️ Buy - AUDJPY broke long-term resistance level 102.30 - Likely to rise to…

8 hours ago

Aptos Wave Analysis – 5 December 2025

Aptos: ⬇️ Sell - Aptos testing major support at 1.688 - Likely to fall to…

8 hours ago

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

14 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

15 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

15 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

19 hours ago

This website uses cookies