Ireland's Coveney: Its time the EU had serious proposal


The Irish Foreign Minister Simon Coveney was out on the wires in early trades, via Reuters, responding to the Irish national broadcaster RTE report published on Monday.

Key Quotes:

 it was time the European Union received a serious proposal from the British government if a Brexit deal is to be agreed.

"Non-Paper = Non-Starter. Time the EU had a serious proposal from the UK Govt if a Brexit deal is to be achievable in October. NI and IRE deserves better!" 

RTE reported that the UK proposed in a technical, or so-called "non-paper", to set up "customs clearance centres" on both sides of the Irish border after Brexit in order to avoid the need for checks on the border itself, an idea Dublin has long rejected.

The Cable holds closer to the two-week lows of 1.2270 so far this Tuesday’s Asian trading, with the bias leaning to the downside amid broad-based US dollar strength, British political uncertainty and rising odds of a no-deal Brexit.

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: Bears stepping in as US yields melt

EUR/USD is slightly firmer on the day trading around the 1.16 figure after rising from a low of 1.1548 to a score a high of 1.1626 following a drop in US yields. The 10-year yield is testing the horizontal support and has broken below the trendline.

EUR/USD News

GBP/USD: Sellers attack 50-DMA on monthly support break

GBP/USD prints a three-day downtrend following the key support break, pressured around 1.3740 during the early Asian session on Thursday. The cable pair broke an ascending support line, now resistance, from September 30 the previous day but refrained from closing below 50-DMA.

GBP/USD News

Gold bounded in familiar territory, riding dynamic support

Gold holds in a critical support structure on the daily chart. XAU/USD leans with a bullish bias with eyes on a break of $1,830. Lower US yields are supporting the bullish bias and are weighing on the greenback.

Gold News

MATIC outperforms Bitcoin and Ethereum, Polygon targets $3 and new all-time highs

MATIC price action has been in a bullish tear, trading to the inverse of nearly every other cryptocurrency. Consequently, it was positioned perfectly for a rally and is now on track to create a new all-time highest weekly close. A new all-time highest weekly close is on the horizon.

Read more

BOJ Preview: Focus on outlook tweaks ahead of general election Premium

Despite the recent depreciation in the yen and rising energy prices, the Bank of Japan (BOJ) is likely to maintain its monetary policy settings on Thursday, as it concludes its two-day monetary policy review meeting.

Read more

Forex MAJORS

Cryptocurrencies

Signatures