EU's von der Leyen: Fair balance on Brexit not yet achieved

Eren Sengezer FXStreet

The decision on Brexit will be made on Sunday, European Commission President Ursula von der Leyen reiterated on Thursday, as reported by Reuters.

Von der Leyen further noted that they haven't been able to achieve a "fair balance" on Brexit and added that they were willing to grant the UK access to the EU's single market under fair conditions.

Market reaction

The British pound continues to weaken against its major rivals after these comments. As of writing, the GBP/USD pair was down 1% on a daily basis at 1.3260.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.