UK PM Johnson: More optimistic than EU’s Barnier about the trade deal
Speaking on LBC Radio on Friday, the UK Prime Minister (PM) Boris Johnson said that he is more optimistic than the European Union (EU) Chief Brexit negotiator Michel Barnier about the post-transition trade deal.
Additional comments
“We need to get a good deal.”
“We are not remotely being disrespectful to the EU.”
“Don't think it is right to proceed by obeying EU rules.”
“There is a good agreement to be reached.”
“But if we can't, we will have very good other options.”
“We are very much through the worst of the crisis.”
This comes as Barnier blamed the lack of progress on the Brexit deal front on British intransigence and refusal to engage in talks.
Meanwhile, the German Chancellor Angela Merkel said earlier today that “we are preparing on every level for a no-deal Brexit.”
Market reaction
At the press time, GBP/USD trades on the back foot around 1.2460 despite the conciliatory comments from the UK PM Johnson.
The spot hit a daily low of 1.2439 in the last hour.
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.
