“There is little time to reach a trade agreement with the European Union (EU) and there are still significant gaps“said a spokesman for Boris Johnson, UK Prime Minister, on Thursday.
The spokesman added that they have been working hard at all times to secure a deal, “but it must respect British sovereignty. He stated that the intention is to have a positive relationship with the EU after the transition.
Market reaction
The UK’s FTSE 100 Index dipped slightly after these comments and was down 0.65%. The pound on Thursday is among the weakest currencies within the European ones. GBP / USD is at the day’s lows below 1.3150 and EUR / GBP above 0.8970.
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