The UK Treasury Committee is “extremely concerned” that the government may not be ready in time for firms to prepare for the end of Brexit transition, the Committee Chair Mel Stride wrote in a letter to the Finance Minister Rishi Sunak on Friday.
Key quotes
“The Committee came away from its evidence session … with serious concerns about the UK’s customs preparedness for the end of the Brexit transition period.”
“I’ve asked the Chancellor to respond to our concerns as a matter of urgency.”
GBP/USD eases off highs
On the above headlines, GBP/USD eases off daily highs at 1.3113 to trade at 1.3103, still up 0.16% on a daily basis. Markets await the UK Preliminary Manufacturing and Services PMI reports.
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