EU's Tusk says 'let's not give up' on Brexit, but warns of no deal

BRUSSELS (Reuters) - European Council President Donald Tusk said on Monday the 27 states remaining in the bloc after Britain leaves must be ready for a no-deal Brexit, a scenario he said was “more likely than ever before”.

“But let me be absolutely clear. The fact that we are preparing for a no-deal scenario must not, under any circumstances, lead us away from making every effort to reach the best agreement possible ... Let us not give up,” Tusk said in an invitation letter to this week’s EU summit.

Tusk, who will chair the talks of EU leaders on Wednesday and Thursday, said he invited British Prime Minister Theresa May to address her other 27 EU peers on Brexit on Wednesday evening.

Reporting by Gabriela Baczynska; Editing by Alison Williams

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks rocket to new highs, valuations no longer inexpensive

Tariff issue caused by potential definition change of traded gold bars

US BLS head removed after revisions to employment data

Gold stocks down even as metal price rises

Copper market distortions driven by new US tariff policies