EU’s Malmstrom: Risk of hard Brexit has risen dramatically

The European Trade Commissioner Cecilia Malmstrom said on Monday, the risk of hard Brexit has risen dramatically.

Meanwhile, Politico reported the latest headlines, citing that the European Union (EU) noted EUR 12 billion budget shortfall after Brexit.

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The EUR/USD pair trades in the 1.1360 region, its highest for this week as the dollar is being dumped ahead of the release of FOMC Meeting's Minutes.

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GBP/USD nearing 1.3100 on positive Brexit headlines

Spanish Foreign Minister Josep Borrell said that a Brexit accord was "being hammered out now," adding that it can be interpreted or complemented with explanations that may be satisfactory for the UK Parliament.

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