Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at

Brexit Talks Linger With Uncertainty

Plus500 | Thursday 10 December 2020

Boris Johnson met in a three hour dinner with President of the European Commission Ursula von der Leyen on Wednesday night to discuss Brexit negotiations in the hope to have an agreement by Sunday.

Brexit Uncertainty

The dinner was aimed at finalising the main sticking points and as the last opportunity to reach common ground before the December 31st Brexit deadline approaches.

Major points during the dinner that were discussed were fishing rights, fair business regulations between parties and how an agreed deal will be enforced. However, no agreement was reached leaving large gaps in Brexit negotiations and pushing back the timetable for these talks to Sunday.

This unresolved Brexit battle has left future relationships uncertain, however, there are some things that will change for 2021. European travel will need extra planning, such as changes to passport regulations and health insurance for British citizens when visiting certain countries including Switzerland, Norway, Iceland and Liechtenstein. At borders, there might be different queues for EU, EEA and Swiss citizens and a more difficult bureaucratic process for expats from the UK who want to live in a Eurozone country. 

In addition, foreign citizens looking to live in the UK will need to undergo a new immigration process.

Futures React

Even with the potential for economic uncertainty beyond the December 31st deadline, European indices have gained or remained stable during this morning’s trading session.

The FTSE 100 (UK100) rose 0.4% during this morning’s trading despite unresolved Brexit negotiations.

Other futures are holding relatively steady with Germany's DAX (Germany30) rising 0.7%, Spain’s IBEX35 (Spain35) increasing 0.4%, Norway’s  OBX (Norway25) up 0.26% and Hungary’s BUX (Hungary12) climbing 0.7% so far this morning.

It is unclear if Brexit talks will yield an agreement by the Sunday deadline, leaving uncertainty for British and European traders.

Get more from Plus500

Expand Your Knowledge

Videos & Articles help you expand your trading knowledge.

Prepare Your Trades

Our Economic calendar helps you explore global market events.

Trade Without Surprises

Understand the full costs of your trades now for better expense management later.

This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.

Need Help?
24/7 Support