The UK has been long supporting the case to modify the Northern Ireland Protocol amid the barriers it creates in Northern Ireland. Another issue comes from delay and prices rises amid checks requirements.
Last week, UK Foreign Secretary Liz Truss updated the local parliament, noting that their preference is to reach a negotiated solution with the EU.
However, the Union has refused to reopen the treaty and has threatened to use “all the measures at its disposal” is the UK takes unilateral action to override the Brexit deal.
The GBP/USD pair was unaltered by the news.
This article was originally published by Fxstreet.com. Read the original article here.