EU's Barnier: Some issues on transition deal are not negotiable

Continuing with his earlier comments on the Brexit transition period, the EU's chief Brexit negotiator Michel Barnier further said:

   •  moment has come for UK to make choice on future relationship
   •  not negotiable as they go to the heart of single market rules
   •  no transition period will be possible if no withdrawal agreement
   •  transition period need to allow businesses to prepare
   •  there is no wish to punish UK
   •  sooner UK makes choices the better
   •  my attitude is not vindictive

Russia: CBR cut rates by 25bp on expected lines - BBH

The Central Bank of Russia cut rates 25 bp to 7.5%, as expected and it noted that the easing cycle might be completed in 2018, explains the research t
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GBP/USD plummets to 3-1/2 week lows, momentarily slips below 1.38 handle

   •  GBP continues to be weighed down by softer UK data.    •  Barnier’s Brexit comments add to the downward pressure.    •  Technical selling belo
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