04/10/2018 - May Appeals for Unity on Brexit Plan

GBP

In her keynote speech at the Conservative party conference British Prime Minister Theresa May appealed to her Party to unite behind her plan to leave the European Union, warning critics that their arguments could put Brexit in jeopardy. May did not specifically mention her Chequers plan and instead focused on a “a free-trade deal that provides for frictionless trade in goods”. After a recent lull in the Brexit talks, officials are hoping the government comes to the table with new proposals on solving the Irish border question, ahead a crunch summit in mid-October.

Britain’s economy appears to have kept up most of its steady growth in the July-September period, but uncertainty among companies remained high six months ahead of Brexit. UK Services Purchasing Managers’ Index (PMI) slipped to 53.9 in September from 54.3 in August, a shade weaker than the median forecast of 54.0 expected by economists. IHS Markit said business optimism moved slightly higher in September, but Brexit worries had kept business optimism at levels that would normally indicate an imminent slowdown.

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