EU's von der Leyen: EU prepared for no-deal Brexit scenario

Haresh Menghani FXStreet

The European Commission president, Ursula von der Leyen was out with some Brexit-related comments in the last hour and raised doubts over the prospects for a deal.

Key quotes:

There is some progress in Brexit negotiations.

There are still differences on three key issues.

Can't say if there will be a deal with the UK.

Will do all in our power to reach a deal.

EU is prepared for a no-deal scenario.

The comments, however, did little to prompt any selling around the British pound as investors remain optimistic over the possibility of a last-minute agreement. The GBP/USD pair was last seen trading near the top end of its daily range, around the 1.3375-80 region.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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