The “UK has decisions to make“in the Brexit trade negotiations, Reuters reports citing diplomatic sources from the European Union.
Additional comments:
“Progress has been made in drafting the legal text of the new trade agreement, but there are still no mutually acceptable solutions on fisheries, governance and a level playing field”.
“Staff changes at 10 Downing Street may distract the UK, depriving British trade negotiator David Frost of clear guidance on how far he can go to reach an agreement. ”
GBP / USD reaction
The GBP / USD is spreading losses below 1.3200 amid mounting Brexit uncertainty, as British Prime Minister Boris Johnson is poised for a no-deal Brexit.
The above news also weighs on GBP / USD, now trading at 1.3171, down 0.11% on the day.
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