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    WTO chief on Brexit

    The head of the World Trade Organisation (WTO) Roberto Azevedo is the latest hgh-profile figure to offer his opinion on a possible Brexit and what the implications could be. Some interesting comments are as follows:

    • Unilateral free trade option proposed by some Brexit campaigners unlikely to be politically feasible 
    • After Brexit, not only Britain but also the EU would need to renegotiate its relationship with the rest of the WTO
    • Impossible to tell how long Britain’s trade talks could take after Brexit. Could be years or decades

     The GBPUSD has recovered the majority of its early losses and is now down only 0.10% on the day. 

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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