Home Brexit: Barnier dissatisfied with latest UK proposals – GBP/USD pressured

Brexit: Barnier dissatisfied with latest UK proposals – GBP/USD pressured

Updated: 15 Oct. 2019 | 11:17

Chief EU Negotiator Michel Barnier has reportedly expressed dissatisfaction with the latest proposals coming earlier today from the UK. The French statesman told EU27 ministers that while a deal is possible this week, both sides would need to reach an agreement by tonight (Tuesday).

GBP/USD has dropped to lower ground in response, hitting a low of 1.2605 before bouncing to 1.2635. Cable has already hit a high at 1.2697 earlier today as volatility remains elevated.

More to come

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