France’s Beaune: Brexit tensions with the UK are a test for Europe

Dhwani Mehta FXStreet

Following the weekend’s conversation between the French President Emmanuel Macron and the UK PM Boris Johnson, the French Europe Minister Clement Beaune reaffirmed his country’s stance on the Brexit issues.

Key quotes

“Brexit tensions with the UK are a test for Europe.”

“Brexit engagements need to be respected. “

“Reiterates that measures could be taken against the UK if the UK does not respect Brexit “engagements.”

“Reiterates that France will defend the rights of its fishermen.”

Market reaction

GBP/USD is pressurizing the daily lows just ahead of 1.4100, undermined by the US dollar’s demand and the delay in the UK reopening. Brexit concerns return to haunt the pound traders.

The spot is trading at 1.4107, almost unchanged on the day, at the press time.

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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