UK will reportedly not delay EU goods in case of a no-deal Brexit - GBP/USD rises

Yohay Elam FXStreet

The Sun, a UK-based media outlet, reports that Britain will not delay goods coming in from the European Union in case of a no-deal Brexit.

There are 53 days left until Brexit Day, March 29th. At the moment, there is no delay in sight and the default option is a hard Brexit. Long queues of lorries are projected in case both sides do not reach an accord. A waiver on EU goods will serve as significant relief for business trading across the Channel.

The British Pound has been rising on the news. GBP/USD is gaining ground toward 1.3100 despite a bit of USD strength. EUR/GBP is dropping towards 0.8730.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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