Germany's Merkel: Way towards Brexit is now clear

Eren Sengezer FXStreet

Commenting on British Prime Minister Boris Johnson's election victory, "the way towards Brexit is now clear," German Chancellor Angela Merkel said on Friday, per Reuters.

"The biggest challenge in future Brexit talks will be the shortage of time," Merkel added. "Britain will be a competitor on our doorstep."

These comments had little to no impact on the British pound's market valuation and the GBP/USD pair was last up 1.7% on a daily basis at 1.3388 while the EUR/GBP was erasing 1.2% at 0.8350.

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.

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