EU's Barnier: There is objective risk of no-deal
The UK makes a trade agreement unlikely at this point, European Union's chief Brexit negotiator
Michel Barnier said on Thursday, as reported by Reuters.
"We only have a few weeks left, we should not waste time," Barnier reiterated. "Brexit negotiation is too serious a matter for brinksmanship, there is an objective risk of no-deal."
Market reaction
The GBP/USD pair continues to push lower on these remarks and was last seen losing 0.25% on a daily basis at 1.2700. Meanwhile, the EURGBP was up 0.4% at 0.9120, reflecting the broad GBP weakness.
EUR/GBP 0001-01-01T00:00:00
0/0 (0%)
H0 L0
| S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
| 0.8961 |
0.9006 |
0.9046 |
0.9131 |
0.9177 |
0.9216 |
| Trend Index |
OB/OS Index |
| Bullish |
Neutral |
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