The European Union (EU) chief Brexit negotiator Barnier is on the wires now, noting that “we are open to any UK proposal to solve the Brexit issue”, per Reuters.
Further Comments:
We need a legally operative solution in the withdrawal agreement.
But door is open to higher ambition in political declaration with the UK.
EU is willing to work ‘day and night’ for Brexit progress.
UK government outlined aspects of the backstop that they don’t like.
That’s not enough to move towards achieving a solution.
Nobody should underestimate consequences of a no-deal Brexit.
The Cable keeps its range near daily lows of 1.2463, as the focus shifts to the UK CPI data and the Fed decision due later today.
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