EU's Juncker: Brexit deal still "far away" - Reuters

Joshua Gibson FXStreet

As reported by Reuters, the European Union's Commission President Jean-Claude Juncker splashed some cold water on rising hopes of quickly securing a Brexit deal for the UK, claiming that a workable Brexit solution is still "far away".

Key highlights

Shortly after arriving at a summit in Austria yesterday, Juncker was asked about how far apart the two sides of Brexit were, considering hopes of concluding a deal within the next two months continue to pin the needle to the high side.

Officials on both sides have claimed that a workable withdrawal treaty is "complete", but serious differences remain on trade terms as well as the Irish border issue, and European Union officials have warned that failure to reach an acceptable border solution would see the total failure of what Brexit agreements are currently in place, and Juncker flashed some warning signs that the EU and the UK remain very far apart on how to resolve those key issues, throwing a speedy Brexit deal into doubt.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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