UK and German chambers of commerce out with a few comments earlier 28 Aug
- British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said uncertainty over "business critical" issues such as workers' rights, tax and customs arrangements need to be tackled.
- German DIHK says uncertainty is affecting German firms which trade with the UK
- most BCC members say they want "at least" a three-year transition perioD
- the groups called for political leaders to "build an atmosphere of mutual trust and constructive dialogue", to deliver clarity and certainty for businesses.
The UK is the third largest market for the export of German goods, while Germany is the UK's second biggest market for exports of goods and services.
German firms employ an estimated 400,000 workers in the UK, while British firms employ around 220,000 workers in Germany.
DIHK chief executive Martin Wansleben said German companies were concerned that Brexit would have "a major negative impact", with more trade barriers such as extra bureaucracy, and stricter border controls, leading to higher costs.
"The terms of exit are still completely unclear.
"Many of our members are reporting that they are already shifting investments away from the UK in anticipation of these barriers "
The clock ticks on and the uncertainty continues.
Meanwhile GBPUSD back to 1.2895 after a quick peek above 1.2900 again with EURGBP still 0.9253 and EURUSD dropping back to 1.1933 after a look above 1.1940
The Brexit talking clock continues to tick
