UK officials will stop attending most EU meetings from September 1

Eren Sengezer FXStreet

According to a statement published by the UK's Brexit Department, UK officials will stop attending most EU meetings after September 1, as reported by Reuters.

"It makes sense to unshackle UK officials from EU meetings ahead of Brexit," the department said. "Officials will only now go to EU meetings that really matter, reducing attendance by over half."

The GBP/USD pair, which erased a small part of its daily losses and recovered to 1.21 earlier in the session, is now down 0.3% on the day at 1.2089.

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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