UK’s Barclay: Two new Brexit committees are now up and running
|The UK Brexit Secretary, Stephen Barclay, recently tweeted updates of his talks with the European Union (EU) Chief Brexit Negotiator Barnier that signals the UK is more prepared to leave the region on October 31.
Key quotes
- Spoke to Michel Barnier today and made our position clear: We want a deal but are leaving the EU on October 31 with or without one.
- Two new Brexit committees are now up and running. I came away confident; we now have a fresh approach to negotiating a deal and are well prepared to leave the EU.
FX implications
Such tweets from key lawmakers emphasize the UK PM Boris Johnson’s pledge to leave the region by October 31, even without a deal, and can keep exerting downside pressure on the British Pound (GBP).
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.