France’s Montchalin: Coronavirus crisis doesn't change European priorities on Brexit negotiations

Dhwani Mehta FXStreet

French European Affairs Minister Amelie de Montchalin said on Friday, coronavirus crisis doesn't change European priorities on Brexit negotiations.

No-deal Brexit would be an extra shock on top of the COVID crisis but the UK would suffer the most, she said.

GBP/USD reaction

The cable has bounced-off 1.2296 lows and trade at 1.2320, as the US dollar retreats across the board. Despite the uptick, the sentiment around pound remains undermined, in the wake of the bearish UK fundamentals and uncertainty over the post-Brexit negotiations.

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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