Officials in London increasingly optimistic on Brexit deal – Financial Times

Eren Sengezer FXStreet

Despite the fact that the European Union launched legal proceedings against the UK's Internal Market Bill, officials in the UK are "increasingly optimistic" about finalizing a trade deal, Financial Times Whitehall correspondent Sebastian Payne tweeted out on Thursday.

"Officials with knowledge of the talks say a landing zone on state aid has been identified but fishing is the last sticking point," Payne further added.

Market reaction

With the initial reaction to this headline, the GBP/USD pair rose sharply and was last seen posting small daily gains at 1.2920.

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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