UK wants to hire EU negotiator to 'reset' relationship
Published On Nov 23, 2024, 10:32 AM
The UK government is seeking a new negotiator to lead efforts in redefining its relationship with the European Union, focusing on improving trade, security, and border policies. Prime Minister Sir Keir Starmer emphasizes a 'reset' in relations rather than a reversal of Brexit, aiming for potentially better trade agreements compared to those established previously. The negotiator will play a crucial role in discussions and policy development related to trade agreements and economic growth. This developments signals a shift towards enhanced collaboration between the UK and EU.
Stock Forecasts
EWU
Positive
The negotiation aimed at improving trade relations with the EU could bolster UK-EU economic exchanges and positively influence UK businesses. As relations improve, UK-based companies may see increased opportunities in the EU market, benefiting stocks in related sectors such as import/export and logistics. An ETF like the iShares MSCI United Kingdom ETF (EWU) could perform positively as it represents a broad range of UK equities likely to benefit from stronger EU ties.
Related News
UK economy slows between July and September
Nov 15, 2024, 2:07 AM
Growth was subdued across most industries during the three months, the Office for National Statistics says.
Bank of England boss to say UK must 'rebuild relations' after Brexit
Nov 14, 2024, 1:03 PM
Governor Andrew Bailey will deliver his strongest comments yet on the UK's departure from the EU.
Unemployment rises as pay growth slows again
Nov 12, 2024, 2:17 AM
The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter.