Advertisement
UK markets close in 5 hours 48 minutes
  • FTSE 100

    8,085.10
    +44.72 (+0.56%)
     
  • FTSE 250

    19,723.11
    +3.74 (+0.02%)
     
  • AIM

    755.08
    +0.39 (+0.05%)
     
  • GBP/EUR

    1.1672
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.2521
    +0.0059 (+0.47%)
     
  • Bitcoin GBP

    51,055.84
    -1,967.04 (-3.71%)
     
  • CMC Crypto 200

    1,363.72
    -18.85 (-1.36%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.81
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,337.40
    -1.00 (-0.04%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,978.92
    -109.78 (-0.61%)
     
  • CAC 40

    8,046.00
    -45.86 (-0.57%)
     

EU's Moscovici expects orderly Brexit

BRUSSELS, Nov 7 (Reuters) - The European Commission's baseline scenario is that Britain will leave the European Union with a negotiated withdrawal agreement, rather than crash out without any deal, European Commissioner for Economic and Financial Affairs Pierre Moscovici said.

"As you know this commission never wanted Brexit, always negotiated with the idea to find an agreement and our baseline scenario is that this would be done orderly," Moscovici told a news conference on Thursday.

"Of course we had to prevent to prepare measures in case it could not be the case and specially in the field of customs. We will see what happens now, this might have some repercussions, as I said, disorderly Brexit on UK economy and then Ireland could be a side effect but this is not measured here and this has to be avoided and this can be avoided and I’m quite sure it will be avoided," he said. (Reporting By Jan Strupczewski and Marine Strauss)