EU's Juncker: Welcomed PM Johnson's determination to advance Brexit talks
|European Commission President Jean-Claude Juncker welcomed British Prime Minister Johnson's determination to advance Brexit talks and acknowledged the positive advances, notably with regards to the full regulatory alignment for all goods and the control of goods entering Northern Ireland from Great Britain, the European Commission said in a statement on Wednesday.
The British pound edged higher on these comments and the GBP/USD was last seen trading at 1.2317, adding 0.13% on the day. Below are some additional key takeaways, per Reuters.
"We will need further work in the coming days, notably with regards to the governance of the backstop."
"The delicate balance struck by the Good Friday Agreement must be preserved."
"Another concern that needs to be addressed is the substantive customs rules."
"Commission will now examine the legal text objectively."
"The EU wants a Brexit deal, will remain united and ready to work to make this happen."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.