“We are disappointed and surprised by the European Union (EU) position on Brexit,” UK Foreign Secretary Dominic Raab said in response to the EU ultimatum to make a decision on the fate of Brexit. “We are disappointed and surprised by the European Union (EU) position on Brexit,” UK Foreign Secretary Dominic Raab said in response […]
Tag: Brexi
UK: EU no longer committed to working hard to reach an agreement
UK’s top Brexit negotiator David Frost, said on Thursday that it is surprised that the European Union is no longer committed to working hard towards a future partnership, as Reuters reported. Additional conclusions “I’m also struck by the suggestion that all future movements must come from the UK to reach an agreement.” “It is an […]
Progress on key issues is not enough to reach an agreement
In a statement released Thursday, the European Council noted that progress on key issues of concern to the European Union were not yet sufficient to reach an agreement with the United Kingdom. “The European Council invites the Union’s chief negotiator to continue negotiations next week and calls on the UK to take the necessary measures […]
Ireland: both parties miles away from reaching a fishing deal – Simon Coveney
The Minister for Foreign Affairs of Ireland, Simon Coveney, He said on Thursday that the EU and the UK were able to make progress on the level playing field, but added that the parties are still “miles apart” in fishing, Reuters reported. Additional conclusions “The EU is not going to sell its fishing industry.” “The […]
Brexit: Von der Leyen says good work has been done but critical questions are still open
Commenting on the latest round of Brexit negotiations, “good work has been done, but critical issues remain open” said the president of the European Commission, Ursula von der Leyen, as reported by Reuters on Thursday. Additional comments: “We want a good deal.” “Climate change is the biggest challenge in the medium-long term.” “The EU has […]
EUR / USD could move towards 1.20 on Brexit-related developments – Westpac
EUR / USD remains within a range of 1.15-1.20, depending on the rise or fall in the COVID-19 case count, Westpac analysts say. They estimate that a positive evolution in Brexit could push the common currency to the upper half of its range. Key statements: “The increase in COVID-19 cases in the Eurozone countries is […]
EU leaders could hold emergency Brexit summit on November 15-16 – The Telegraph
The European Union (EU) leaders are promoting holding an emergency Brexit Summit on November 15-16 in Berlin to reach a trade deal with the UK should the negotiations continue successfully after the scheduled October 15 deadline, The Telegraph reports, citing senior EU diplomats. . This occurs when just today the deadline of October 15 was […]
GBP / USD updates session highs, looking to build momentum above 1.3000
GBP / USD witnessed a dramatic intraday reversal from the one-week lows. The British pound gained traction after the UK signaled that it will not abandon Brexit talks. A softer tone surrounding the USD continued to support the momentum. The pair GBP/USD spiked to fresh daily highs during the mid-Europe session, and the bulls are […]
Senior EU official: “We’ve seen some progress on the trade deal” – Reuters
“We have seen some progress in the trade agreement, but there is still a long way to go, “said a senior EU official, as reported by Reuters. “We do not expect another summit in November on Brexit“added the official.” At this stage it would not be justified. Earlier in the day, Bloomberg reported that the […]
GBP / USD Price Analysis: 100 hour SMA limits rally after Brexit news
GBP / USD remains stable above 1.29 after choppy moves. The 100 hourly SMA limits the recovery attempt from the trend line support. Brexit news will dominate price action ahead of the Johnson-von der Leyen meeting. The pair GBP/USD has witnessed a move of almost 100 pips in the last few hours, in the wake […]