Comments by former UK Brexit secretary, David Davis

  • Should not expect much from Salzburg meeting on Brexit
  • EU may pile on extra requests
  • That means Theresa May will get a deal she cannot bring back to parliament
  • Negotiations will get to a point where there will need to be a reset
  • Thinks that EU is softening stance on the Irish border
  • Says he won't vote for May's Brexit deal in parliament vote
  • Second referendum is against national interest
  • Brexit deal will be decided in November but there will also be other deals on the table

I very much agree with him that there isn't going to be anything substantial to come from the Salzburg meeting today but the other details on a Brexit deal is still up for anyone's interpretation really. The issue of the Irish border remains the major impediment right now so that is the deal-breaker for any negotiations to progress.

But yet again, there's still conflicting views on how viable May's proposals are when going through voting in parliament. That's a risk that has yet to manifest its way into markets for the time being.