UK PM Johnson: I don't believe EU negotiating in good faith
|British Prime Minister Boris Johnson said on Wednesday that the Internal Market Bill is designed as a "belt and braces protection" against extreme interpretations of the Northern Ireland protocol, as reported by Reuters.
Additional takeaways
"Confident we will be able to keep things flowing smoothly at the border."
"External tariff regime would be quite formidable for some EU products."
"Our legal advice is that we need to go further than article 16."
"I don't believe the EU is negotiating in good faith. Always possible I am mistaken, perhaps they'll prove me wrong."
"We will get through it, there may be difficulties."
"We should have a system that allows us to protect parliamentary sovereignty."
Market reaction
The GBP/USD pair largely ignored these comments and was last seen gaining 0.87% on the day at 1.2997.
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.