Bloomberg, citing a paper
This could be good news for the pound.
The paper calls for a "comprehensive free-trade accord".
Ultimately, I think the EU wants to appear to be punishing the UK as much as possible so as to dissuade anyone else from leaving. Privately, both the UK and EU want a free trade deal that doesn't change much for businesses who operate both in the UK and EU.
From Bloomberg:
"The four-page document, dated Oct. 11, urges the EU avoid a piecemeal approach if and when talks with the U.K. get under way. It proposes instead a broad partnership that includes "at a minimum" the fields of foreign and security policy; fighting terrorism; cooperation on criminal justice; agriculture and fisheries; energy; transport, and especially air transport; research and digital issues."
The paper wasn't endorsed by the German Chancellery.
