A spokesperson for the European Comission said Tuesday that it does not exclude the possibility that Brexit talks can continue after transition period ends, as reported by Reuters.
Meanwhile, the European Union’s top Brexit negotiator Michel Barnier noted that he met with his British counterpart David Frost to prepare next steps. “We need a school, even a university, of patience,” Barnier said.
Market reaction
The pound continued to show some weakness in the market, although so far this Tuesday the moderate movements and ranges predominate. GBP / USD is trading around 1.3325, close to the daily low, and away from Monday’s low of 1.3220 / 25.
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