UK: Softer version of Brexit? - ING

There has been a growing sense that the General Election outcome has strengthened the hand of those seeking a softer version of Brexit than Theresa May had been pursuing, according to the analysts at ING.

Key Quotes

“The UK has backed down on the sequencing issue, accepting the need for agreement on the divorce settlement before the future relationship is discussed. The UK will also be publishing a “generous” offer regarding the rights of EU citizens living in the UK next Monday. Nonetheless, there is still the intention to leave the single market. It is just there is a greater emphasis on limiting the economic fallout and more talk of the need for a long transitional period. For now it remains hard Brexit, but with softer edges.”