SINGAPORE (Dec 11): The next year will be a critical one for Brexit negotiations, with its outcomes to largely determine whether the United Kingdom can successfully complete its departure from the European Union by its April 2019 deadline. 

In UOB’s Quarterly Global Outlook report for 1Q18, the bank’s research team notes how Brexit talks have been faltering ever since Article 50 was triggered nearly eight months ago in March this year, with the European Council due to decide at its 14-15 Dec meeting on whether “sufficient progress” has been made to move on to the second next phase of negotiations.

In UOB’s view, the tough negotiations will only continue due to these key questions that continue to hang over the future of the EU-UK relationship along with the related issues that remain resolved.

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