EU’s McGuinness: UK assessment to resume

Dhwani Mehta FXStreet

With looming Brexit risks, the European Union (EU) Financial Services Chief Mairead McGuinness said that “after a regulatory forum in place, EU will consider if it can resume assessment for UK financial services. “

Additional quotes

“EU financial services not isolated from wider EU-UK political relationship.”

“If Britain avoids unilateral actions, it would help co-operation in financial services.”

“Not trying to steal business from London, but to build own market infrastructure.”

Market reaction

On the above comments, GBP/USD bounced off 1.3860 lows to now trade at 1.3874, still losing 0.39% on the day.

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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