UK will reportedly not delay EU goods in case of a no-deal Brexit - GBP/USD rises
|The Sun, a UK-based media outlet, reports that Britain will not delay goods coming in from the European Union in case of a no-deal Brexit.
There are 53 days left until Brexit Day, March 29th. At the moment, there is no delay in sight and the default option is a hard Brexit. Long queues of lorries are projected in case both sides do not reach an accord. A waiver on EU goods will serve as significant relief for business trading across the Channel.
The British Pound has been rising on the news. GBP/USD is gaining ground toward 1.3100 despite a bit of USD strength. EUR/GBP is dropping towards 0.8730.
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.