Ireland’s McGrath: Outlook for Brexit deal `a little brighter'

Dhwani Mehta FXStreet

The Irish Minister for Public Expenditure and Reform, Michael McGrath, echoed Foreign Minister Simon Coveney’s optimism on a potential Brexit deal.

Key comments

“Outlook for a Brexit deal a little brighter.”

“The European Union (EU) and the UK can reach agreement on fisheries.”

In the last hour, Coveney said that the two sides could reach a trade deal now the talks were back on track.

GBP/USD reaction

GBP/USD fails to benefit from the renewed Brexit optimism and broad US dollar declines, as it wipes out intraday gains to trade flat at 1.3080.

Rising coronavirus cases and a worse-than-expected UK Markit Preliminary Services PMI seem to have hurt the pound bulls.

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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