Britain needs to decide who represents it so that its EU exit talks can take shape, French Foreign Minister Jean-Marc Ayrault said on Monday on his way to Prague for post-Brexit vote solidarity talks with eastern European member states. In an interview with Reuters, Ayrault also said it was "not automatic" that Britain could get Swiss-style access to the European Union's single market without the free movement of capital, labor, goods and services elements that go with it. "Absolutely Britain needs to sort out the problem of who represents it ... from there we can work on an agenda and a calendar," Ayrault said.
By Ahmad Ghaddar LONDON (Reuters) - Oil prices steadied on Monday as market participants better absorbed the shock of last week's vote in Great Britain to leave the European Union and as analysts said Brexit would have a limited impact on global fuel demand. Both crude benchmarks closed down around 5 percent on Friday amid plunging global financial markets as results from a referendum defied bookmakers' odds to show a 52 percent to 48 percent victory for the campaign to take Britain out of the EU. This is extremely small on any measure." said Goldman Sachs.