UK's Cleverly: We leave with or without a Brexit deal is in the hands of EU, Cable tests lows
|UK's Conservative party Chairman Cleverly is on the wires now, via Reuters, noting that “whether we leave with or without a deal is largely in the hands of European Union (EU) negotiators”.
Additional Comments:
The EU needs to show a degree of flexibility.
If we can overcome the backstop problem, we can leave the EU with a deal.
The GBP/USD pair extends the downside, now testing session lows just ahead of the 1.21 handle, as markets are aware that the EU is unlikely to renegotiate a Brexit deal with the UK.
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.