Brexit: France wants a Brexit extension to be justified and proportionate

Eren Sengezer FXStreet

Citing a source close to French President Macron, Reuters reported that France wants a Brexit extension to be justified and proportional.

"But we have nothing of the sort so far," the source said. "France considers that it is up to the British to clarify the situation and that an extension is not a given."

The British Pound weakened against its rivals on this report. As of writing, the GBP/USD pair was down 0.35% on the day at 1.2805 and the EUR/GBP pair was up 0.25% at 0.8660.

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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