Ireland’s Coveney: We need to see credible proposals from UK

Dhwani Mehta FXStreet

The Irish Foreign Minister Simon Coveney is on the wires now, via Reuters, saying that if the British government wants to remove parts of withdrawal agreement they have to offer credible alternatives.

Additional Comments:

Last night's talks not a breakthrough.

We need to see credible proposals from the UK.

We require legal texts.

Encourages Britain to table credible Brexit proposals as soon as possible.

Growing frustration in EU that the UK has not tabled proposals with only weeks to go.

There is a significant gap between what the UK is talking about and what EU can accept on Brexit.

GBP/USD consolidates the post-FOMC recovery below 1.2500, awaiting fresh direction from the BOE rate decision.

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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