UK’s Gove: Will leave EU by the end of 2020 regardless of the type of agreement
|Speaking to the UK media on Sunday, the UK Cabinet Minister Michael Gove said that Brexit transition will likely happen by the end of this year, irrespective of the type of agreement reached with the European Union (EU).
Key quotes
"At the end of this year we are leaving the single market and Customs Union regardless of the type of agreement we reach with the EU."
"This will bring changes and significant opportunities for which we all need to prepare."
GBP/USD firmly bid
Amid vaccine hopes, markets are running for higher-yielding assets, including the pound in Monday’s Asian trading so far. The GBP/USD pair rises 0.28% to print daily highs near 0.2560. Traders pay little heed to the growing virus cases and looming Brexit uncertainty.
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