Brexit: EU reportedly says Britain has not moved on three main issues, GBP/USD falls

FX

The EU negotiating team has reportedly briefed ambassadors that Brexit talks remain unresolved on three main issues. These are fisheries, governance, and a level playing field. Brussels says London has not moved on these topics. 

GBP/USD is trading closer to 1.3250, down from near 1.33.

Face-to-face talks have been suspended after one EU team member tested positive for COVID-19.

The UK formally left the EU on January 31 but remains in a transition period that expires at the end of the year. Both sides are discussing future relations post-Brexit. 

Articles You May Like

USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data
Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth
Gold Price Today: Yellow metal prices rise by Rs 900/10 gm in 2 days, silver up by Rs 1,750/kg
Trump’s tariff threats don’t seem so bad
UK November retail sales +0.2% vs +0.5% m/m expected

Leave a Reply

Your email address will not be published. Required fields are marked *