Commenting on the prospects for a trade agreement between the European Union and the United Kingdom, “it doesn’t look good“said Mairead McGuinness, European Union Commissioner for Financial Services, as reported by Reuters.
McGuinness added that “the UK does not understand the need for a compromise.”
Market reaction
The pound is among the worst performing currencies in the world on Monday, affected by the lack of agreement due to Brexit. GBP / USD loses more than 150 pips.
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