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Johnson spokesperson indicates that much work remains to be done to close distances with the EU

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Johnson Spokesperson Indicates That Much Work Remains To Be Done

There is much work to be done to close the significant gaps that remain with the European Union in the most difficult areashe told reporters on Monday

British Prime Minister Boris Johnson’s spokesman said there is still a lot of work to be done to close the remaining differences with the European Union in the most difficult areas, according to Reuters.

“The time is very short,” the spokesperson reiterated, adding that they welcomed the fact that they are now negotiating on the basis of legal texts.

Market reaction

These comments do not appear to have a significant impact on the performance of the British pound against its rivals. At time of writing, GBP / USD is trading negative for the day, targeting 1.3000, while EUR / GBP is trading negative for the day, although far from lows around 0.9075.

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Credits: Forex Street

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