UK: EU no longer committed to working hard to reach an agreement

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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 unusual approach to conducting a negotiation.”

“Prime Minister Boris Johnson will set out the UK’s reactions and approach tomorrow in light of his statement on September 7.”

Market reaction

The pair GBP/USD remains depressed near 1.2930 after these comments, losing more than 0.6% on the day.

Credits: Forex Street

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