In a recently published statement, the Irish government said that British Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar spoke on the phone for almost an hour Monday, during which Varadkar reiterated that the EU's position was that the Withdrawal Agreement could not be reopened.
"PM Johnson indicated Brexit deal in current form will not get through the parliament and said that Irish backstop must be removed," the statement read. "Varadkar agreed their teams would maintain close contact over coming weeks, agreed to meet in Dublin in the early September."
The GBP/USD pair didn't react to this statement and was last seen trading at 1.2138, losing 0.09% on a daily basis.
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.