Skip to content
Subscriber Only

Brexit Talks Resume With EU Wary of U.K. Political Risk

  • Oliver Robbins has been in Brussels ahead of formal talks
  • EU envoys said to be wary of sending wrong signals to U.K.
Video player cover image
Kit Juckes, Societe Generale’s chief FX strategist, discusses the British pound and Brexit on "Bloomberg Markets.”(Source: Bloomberg)
Updated on

Brexit talks resumed Thursday with no indication that a breakthrough is in reach: the Europeans are taking a cautious approach even as both sides hope for an agreement by year-end.

European diplomats in Brussels are concerned about the U.K.’s political crisis, and are trying to avoid sending Britain overly encouraging signals about how talks are progressing, according to a person familiar with the situation. Countries including Germany asked negotiators on Wednesday not to rush into preparing documents for trade talks, to avoid creating the impression that negotiations are moving on, the person said.