While speaking in a press conference at the IMF/World Bank annual meeting in Washington, German Finance Minister Olaf Scholz said that the Brexit deal between the United Kingdom and the European Union was "significant progress," and added that the approval of the Brexit agreement would have a positive impact on the economic growth in Europe. "EU officials working intensively with the US to reach agreement on trade; I believe a solution can be reached," Scholz further noted.
Investors largely ignored these comments as they remain on the sidelines ahead of Saturday's critical vote in the UK parliament. As of writing, the GBP/USD pair was virtually unchanged on the day at 1.2890.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.