The European Commission was an official statement on Brexit, showing the willingness to intensify talks with the UK. In order for a deal to happen, both sides need to meet, the statement added further. The statement also confirmed that the EU's chief Brexit negotiator Michel Barnier will speak to his UK counterpart David Frost later this Tuesday.
The headlines, however, did little to impress the GBP bulls, or assist the GBP/USD pair to gain any meaningful traction. The pair was last seen trading nearly unchanged for the day, around the 1.2940 region.
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.