Daily Briefing: - No deal Brexit is Boris Johnson's central scenario, EU diplomats say - report - German data props up European shares after two-day sell-off - Global stocks extend losses, Washington tags China a currency manipulator
LONDON - Whatever happened in the encounter last week between UK PM Boris Johnson’s chief European envoy and EU officials, it was no meeting of minds.
Since then, the rhetorical tactic has clearly shifted to a) talking up the prospects of no deal and b) blaming such any such outcome on EU intransigence. The authors cited a decrease in orders from the United Kingdom owing to Brexit uncertainty as a factor.On the one hand, there will be relief that they rose an above-forecast 2.5 percent.
The U.S. Treasury then responded late Monday by formally designating China as a “currency manipulator” and adding it would seek arbitration at the International Monetary Fund over unfair trade practises.
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