Irish Prime Minister Leo Varadkar crossed the wires in the last minutes, reiterating that the odds of the UK leaving the EU without a deal become more likely as time goes on. Below are some key quotes as reported by Reuters.
“I don’t accept no-deal is unavoidable.”
“Withdrawal agreement is closed.”
“We can make changes to political declaration and make clarifications.”
“There will be several years of negotiations after Brexit.”
“First negotiations after no-deal Brexit will be financial settlement, people and Northern Irish border.”
“If there is a Brexit deal we can then speak about a free trade agreement.”
“We are still in discussions with European Commission about how to deal with no-deal Brexit.”
“I would not like Brexit to bring constitutional questions to the fore but that is what will happen if there is a no-deal.”
“Backstop and Withdrawal Agreement were agreed by EU and UK.”
The market reaction to these comments seems to be weighing on the GBP/USD pair, which was last up 0.28% on the day at 1.2175.
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