While warning about Brexit, the European Central Bank (ECB) legislator and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said the base case has changed to assume a UK no agreement with Brussels, as reported by the Financial Times (FT).
Makhlouf added that Ireland faces double whammy of Brexit and virus.
Market reaction
At the time of writing this report, the pound is down 0.09% at 1.3138, having hit a six-week high of 1.3177 a day earlier.
Credits: Forex Street
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