Global Perspectives: Brexit Negotiations Are Stuck on Ireland

Foreign Exchange - Global Perspectives
Brexit Negotiations Are Stuck on Ireland
Brexit Negotiations Are Stuck on Ireland
Share this story:
The deadline for Brexit is less than five months away. Both the European Union (EU) and the United Kingdom do not want to walk away without a deal, since that would likely entail economic damage not only to the U.K. but also to the EU, as the U.K. is their biggest trading partner.
Yet an agreement between the two still seems far away. Interestingly, the foreign exchange market hasn't responded much to the continued uncertainty of the deal.
To complicate matters further, the topic of how to treat Northern Ireland is now the dominant factor — something that very few voters ever thought would become so critical. The island of Ireland is split between the Republic of Ireland — commonly known as "Ireland," which is predominantly Catholic and part of the EU — and Northern Ireland — which is predominantly Protestant and part of the U.K. During the Brexit votes, Northern Ireland actually voted to remain in the EU.
If we can help you with any Foreign Exchange needs, please email or call (800) 447‑4133.
Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos!
Follow City National Bank on social media:
Facebook Twitter LinkedIn Google Plus YouTube
Investment and Insurance Products:
Are Not insured by the FDIC or any other federal government agency
Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
May Lose Value
This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting.
Unsubscribe from this list  |  Update email preferences
This message has been sent to Please do not reply to this email. To ensure the delivery of future emails, please add to your email address book or safe sender list.
Copyright ©2018 City National Bank – All Rights Reserved.
350 South Grand Avenue, Los Angeles, CA 90071
City National Bank is a subsidiary of Royal Bank of Canada.
Equal Housing Lender


Popular posts from this blog

Acquisitions or Alliances: What's Your Growth Strategy?