The US says it is confident that the UK and the EU are reaching a “Brexit” agreement, Swiss citizens tend to maintain close relations with the EU

In Daily Market Review, English
September 29, 2020

The US says it is confident that the UK and the EU are reaching a “Brexit” agreement
Irish Prime Minister Martin said that the recently controversial “Internal Market Act” in the UK has eroded the trust between the European Union and the UK, reducing the chance of reaching an agreement between the two sides, and making the UK move towards a “Brexit” without a trade agreement. However, the U.S. special envoy for Northern Ireland, McWani, said that the U.S. still has confidence that the U.K. and the EU will reach an agreement, pointing out that the negotiating parties often delay matters to the last minute, and in the end they will produce results that are acceptable to everyone. The final result will be known after the deadline for negotiations on October 15.

Swiss citizens tend to maintain close relations with the EU
Switzerland announced the results of the referendum on the abolition of the agreement on the free movement of persons signed with the European Union, which was ultimately rejected by 62% to 38%. The Swiss Minister of Justice stated that the results reflect that the bilateral path between Switzerland and the EU is correct. The government will decide its position in the next few weeks and continue to discuss relevant issues with the EU. Since this referendum was regarded by the market as the Swiss version of the “Brexit” referendum, the results now reflect that Swiss citizens still tend to maintain close relations with the European Union. After the announcement of the results, the EUR/CHF remained at about 1.08.

 

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