Irish PM Varadkar: Backstop for Irish border ‘is not something that can be time limited by a date

Eren Sengezer FXStreet

Responding to recent comments from the UK official, who said that they should see the Irish backstop come to an end in December 2021, Irish prime minister Leo Varadkar argued that backstop for the Irish border was not something that could be time limited by a date.

Earlier today, the market chatter of the UK Brexit secretary Davis possibly resigning weighed on the GBP and dragged the GBP/USD pair to a daily low at near 1.3370. However, the latest reports clarified that Davis wouldn't resign and helped the pair recover back above the 1.34 mark.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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