EU Commission: Barnier and UK negotiator Barclay agreed that technical talks will continue

Eren Sengezer FXStreet

Following the meeting with the EU's chief Brexit negotiator Michel Barnier and his British counterpart Barclay, the European Commission in a statement said that sides have agreed that technical talks will continue.

"It is essential that there is a fully workable and legally operational solution included in the Withdrawal Agreement," the statement read. "After Barnier-Barclay meeting the Commission remains willing to examine any proposals that meet all the objectives of the backstop."

The British pound weakened slightly on these comments and the GBP/USD pair was last down 0.25% on the day at 1.2495.

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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