Gbp – Reminder that Brexit minister David Davis will address Treasury Select Committee from 2pm

From the FXWW Chatroom: The UK’s negotiating objectives for its withdrawal from the EU’ Guardian reports that Tens of thousands of banking jobs could be lost to continental Europe from next year if ministers do not agree a transitional deal on single market access with the EU, a Lords report on financial services after Brexit is expected to warn (Report due Thursday).  https://www.theguardian.com/politics/2016/dec/13/urgent-brexit-deal-needed-to-avert-banking-job-losses-peers-to-warn   David Davis has privately conceded that Britain may need to enter into so-called “transition arrangements” with Brussels when Brexit talks are concluded in 2019.

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