Brexit headlines continue impacting the British Pound eight days before the official date that the UK leaves the European Union.
Sammy Wilson of the Democratic Unionist Party (DUP) spoke on the radio and said that he does not want May’s Brexit deal, which he described as “toxic.” He added that he also rejects an extension to Article 50. UK PM Theresa May’s Conservative Party relies on the DUP for a majority in Parliament.
German Chancellor Angela Merkel said that if Britain cannot get the deal approved in the House of Commons, the EU should consider another EU Summit. Such a gathering of EU leaders will likely take place next week, after today’s meeting in Brussels.
GBP/USD is trading around 1.3160, down from the highs of 1.3227 seen early in the day. Cable advanced on the Fed decision but is weighed down by Brexit.
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