In trade negotiations with Britain, the EU will be aiming for zero tariffs, zero quotas and zero dumpings, European Commission President Ursula von der Leyen noted during a press conference on Friday.
Von der Leyen further added that she expects the ratification of the Withdrawal Agreement by January and said that it will be of utmost importance to keep strong security ties with the UK.
In the meantime, the GBP/USD pair continues to consolidate the latest rally and was last seen trading at 1.3388, up 1.7% on the day.
"We have 11 months to negotiate a trade deal with Britain," von der Leyen noted. "We will have to prioritise, put focus on issues that are cliff edge if they are not done."
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.