BREXIT LATEST: GBPUSD JUMPS, EURGBP SINKS AS IRISH PM VARADKAR SEES PATHWAY TO BREXIT DEALGBPUSD skyrockets almost 200 pips follo
BREXIT LATEST: GBPUSD JUMPS, EURGBP SINKS AS IRISH PM VARADKAR SEES PATHWAY TO BREXIT DEAL
- GBPUSD skyrockets almost 200 pips following information Irish PM Varadkar sees a potential Brexit breakthrough
- EURGBP pivots decrease as the newest Brexit growth suggests a break of deadlock over the border in Northern Eire
- Check out this Brexit Timeline for perception on how Brexit negotiations have affected the monetary markets
Irish PM Varadkar simply up to date markets in Liverpool following a gathering with British PM Boris Johnson the place the political leaders mentioned the sticky topic of Northern Eire’s backstop and the way to keep away from a tough border. The Irish border has precipitated a significant deadlock between Brexit negotiators, which has largely prevented the UK and EU from agreeing on a Brexit Withdrawal Settlement.
The most recent remarks from Varadkar, nonetheless, means that London and Brussels could lastly be capable to discover widespread floor and get Brexit talks again on monitor. Varadkar said that he had a “excellent” dialogue with PM Johnson and “hopes that right this moment’s talks are enough for talks to renew.” This comes after harsh comments lobbed back and forth between UK and EU officers Wednesday, which precipitated no-deal Brexit fears to rise as soon as once more.
Varadkar detailed that avoiding a tough border has at all times been the first goal and…