EU considers major reset of relations with the UK – RTE


Senior European Union (EU) policymakers are considering a major revamp of its relationship with the UK, which would enable both sides to work towards a package of solutions around the outstanding issues of the Northern Ireland Protocol among other areas of tensions, RTE News reported on Friday.

Additional details

“Senior figures have confirmed to RTÉ News that a formal, set-piece event marking the ratification of the Trade and Cooperation Agreement (TCA), which was concluded by both sides on on Christmas Eve, could inaugurate a more harmonious relationship.”

“It is understood very tentative discussions have been underway at a senior level between officials in Brussels and London.”

“The fear among senior EU officials is that unless there is a clear reset then the relationship could become one of perpetual tension.”

“The European Parliament is expected to formally ratify the TCA on 24 March, meaning national capitals would give their final and formal consent to the treaty early to mid-April.”

GBP/USD extends drop towards 1.39

GBP/USD fails to cheer the upbeat headlines, as it remains under heavy selling pressure, approaching the 1.3900 level.

The spot drops 0.50% to trade near-day lows of 1.3923, at the press time.

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Take advantage of market volatility!
with our daily Forex, Crypto and Indices Trade Ideas!

Become Premium!    

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: Complex candlesticks trouble bulls above 1.2000, ECB in focus

EUR/USD picks up bids to intraday high ahead of the week’s key event. ECB is expected to offer no fireworks but the BOC move keep momentum traders hopeful. Gravestone, followed by Dragonfly, test bulls between the key SMA, inside monthly rising channel.

EUR/USD News

GBP/USD trades above 1.39 as the dollar takes a breather

GBP/USD has bounced back above 1.39, recovering as the dollar cedes some ground. The greenback benefited from the risk-off mood, while the pound struggles after CPI missed with 0.7% and as UK PM Johnson warns of winter covid wave.

GBP/USD News

EUR/USD: Complex candlesticks trouble bulls above 1.2000, ECB in focus

EUR/USD picks up bids to intraday high ahead of the week’s key event. ECB is expected to offer no fireworks but the BOC move keep momentum traders hopeful. Gravestone, followed by Dragonfly, test bulls between the key SMA, inside monthly rising channel.

EUR/USD News

Dogecoin price disappoints on “DogeDay” but is still poised for a 50% rally

Dogecoin price fever is set to continue as the popular cryptocurrency forms a symmetrical triangle pattern on the intra-day charts. A couple more oscillations may be necessary to complete the continuation pattern, but DOGE is readying to print new highs later this week.

Read more

European Central Bank Preview: Five reasons for Lagarde to lift the euro

The German ZEW Economic Sentiment, the Sentix Investor Confidence and Markit's Purchasing Managers' Indexes have been rising and surprising to the upside in recent months. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures