ECB’s Makhlouf: Ireland faces Brexit and virus double whammy – FT

Dhwani Mehta FXStreet

While warning about Brexit, the European Central Bank (ECB) policymaker and Irish Central Bank Governor Gabriel Makhlouf said that the base case has been changed to assume a no UK deal with Brussels, the Financial Times (FT) reports.

He added that Ireland faces Brexit and virus double whammy.

Market reaction

GBP/USD is reversing a small portion of Wednesday’s upsurge backed by the resumption of the Brexit talks officially.

At the time of writing, the cable drops 0.11% to 1.3128, having hit a six-week high of 1.3178 a day before.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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