Brexit: EU's Šefčovič says no alternative solution to NI Protocol is needed

Eren Sengezer FXStreet

EU Commissioner for Interinstitutional Relations and Foresight Maroš Šefčovič said on Wednesday that no alternative solution for the Northern Ireland Protocol is founded or needed, as reported by Reuters.

"The UK bill on altering the Northern Ireland Protocol is unacceptable," Šefčovič reiterated and said that it was legally inconceivable that the UK government would decide on the protocol by itself.

Market reaction

These comments don't seem to be having an impact on market mood and the UK's FTSE 100 Index was last seen rising 1.75% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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