The UK must respect the Northern Irish peace treaty or there will be no US trade deal, the US Democratic Presidential Candidate Joe Biden warned in a tweet on Thursday.
Key quotes
“Can’t allow the Good Friday agreement that brought peace to Northern Ireland to become a casualty of Brexit.”
“Any trade deal between the US and UK must be contingent upon respect for the agreement and preventing the return of a hard border. Period.”
GBP/USD reaction
The pound shrugs-off the above comments, as GBP/USD remains pressured by broad-based US dollar strength, courtesy of the upbeat Fed outcome.
At the press time, the cable drops 0.20% to 1.2936, having hit a daily low of 1.2901.
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