The European Union is poised for a no-deal Brexit scenario – Ursula von der Leyen

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The President of the European Commission, Ursula von der Leyen, made some comments related to Brexit in the last hour and raised doubts about the prospects for a deal.

Featured statements:

There is some progress in the Brexit negotiations.
There are still differences on three key issues.
I cannot say if there will be an agreement with the UK.
We will do everything in our power to reach an agreement.
The EU is ready for a no-deal scenario.

However, the comments did little to fuel a selloff around the British pound as investors remain bullish on the possibility of a last minute deal. The pair GBP/USD it was last seen trading near the upper end of its daily range, around the 1.3375-80 region.

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