EU’s Juncker: Risk of a no-deal Brexit remains 'real'

Dhwani Mehta FXStreet

The European Commission President Juncker is on the wires now, as he speaks alongside the EU’s chief Brexit negotiator Barnier in the European Parliament.

Brexit deal is still possible.

Main sticking point in Brexit is Irish border, backstop.

Until UK proposal is made, cannot say any progress in Brexit has been made.

Says talks with Johnson was 'friendly, constructive'.

Not sure if we will get a deal, there is little time remaining.

In a knee-jerk reaction to the above comments, the pound took a knock, sending GBP/USD to fresh session lows of 1.2463, where it now wavers.

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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