Britain eyes Brexit deal 'like no other in history'

  • Britain eyes Brexit deal 'like no other in history'

Britain eyes Brexit deal 'like no other in history'

British Foreign Secretary Boris Johnson said Monday he still thinks that the Brexit negotiations will yield "a happy resolution that can be done with profit and honor for both sides".

"Our objective is clear".

The European Union's chief negotiator Michel Barnier on June 19, 2017 said he hoped for a "constructive" start to Brexit talks with Britain as formal negotiations began in Brussels."I hope that today we can identify priorities and a timetable that would allow me to report to the (EU summit) later this week that we had a constructive opening of the negotiations", the Frenchman said as he greeted Britain's Brexit minister David Davis. May's own immediate political survival is in doubt after she lost her parliamentary majority in an election.Polls showing a strong parliamentary majority for French President Emmanuel Macron following Sunday's vote, giving him a powerful mandate to push through his pro-business reforms, lent support to the euro.The common currency was steady at $1.11965, retaining Friday's 0.5 percent gain.The dollar was subdued after US homebuilding fell for a third month in May to the lowest in eight months and a barometer of USA consumer sentiment unexpectedly fell in early June, prompting concerns about the Federal Reserve's plans to stick with its monetary policy tightening.The dollar index .dxy , which tracks the greenback against a basket of six global peers, was unchanged at 97.167, failing to make up any of Friday's 0.3 percent loss. "But we want to keep the door open for the British".

German Foreign Minister Sigmar Gabriel told Sunday's Welt am Sonntag newspaper that "maybe there is now a chance to achieve a so-called "soft Brexit.'" But he said staying in the single market would require Britain to accept European Union workers" freedom of movement. The other European Union countries have a united position, but the British are "in chaos", Weber added.

The EU's chief negotiator, France's Michel Barnier, welcomed his counterpart David Davis with a handshake and smiles for the press in the European Commission's landmark headquarters in central Brussels flanked by the EU and British flags.

Gabriel said "it would naturally be best if Britain didn't leave at all".

Writing in the Sunday Times the day before talks begin with the EU, David Jones says Theresa May should resist 'siren calls from proponents of "soft Brexit" for continued United Kingdom membership of the single market and customs union'.

May officially triggered the two-year Brexit process in March when she was riding high in the opinion polls.

Davis and Barnier have one key issue over the first weeks of talks: building trust after months of haggling over leaks and figures over the final bill that Britain would have to pay for leaving.

But a week ago Mr Davis said "we will start down this process but I will have some discussions with Mr Barnier about how we progress" to trade talks.

VDMA managing director Thilo Brodtmann said in a statement that "the European Union and Great Britain must absolutely avoid being left without an agreement in two years".

Still, Johnson called on people to look at the more distant future. There is more that unites us than divides us.