Ireland’s Coveney: UK Govt position on Brexit is now less compromising

Dhwani Mehta FXStreet

Ireland's Foreign Minister Simon Coveney is on the wires now, via Reuters, expressing his take on the current UK political/ Brexit scenario.

Coveney said that the UK Government’s position on Brexit is now less compromising.

Nothing further is reported from the Foreign Minister, as markets eagerly await the meeting between the UK PM Johnson and his German counterpart Merkel for fresh updates on the likely Brexit outcome.

At the time of writing, the GBP/USD pair is losing further ground, as the bears look to test the 1.2100 support.

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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