British Junior Brexit Min Walker: There is agreement on more than 95% of the Brexit deal

UK's Junior Brexit minister Robin Walker, speaking to German Funke Media Group this Friday, sounded optimistic that Britain and the EU will reach a breakthrough in Brexit talks soon.

Key quotes:

   •  I hope that this happens in the next three weeks. 
   •  Doesn't believe a disorderly Brexit is likely.
   •  Brexit negotiations on details are constructive.
   •  Would be desirable for both the EU and Britain to reach a deal at an EU summit in November.
   •  There is agreement on more than 95% of the Brexit deal.
   •  Currently discussing how to avoid hard border between Ireland and N. Ireland.
   •  Britain will not consider customs border between N.Ireland and Britain in the Irish Sea.
   •  One scenario is Britain remaining in customs union after the end of the transition period.
   •  This would avoid new borders controls between Ireland and N.Ireland.
   •  EU and Britain both need to show flexibility and imagination.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more