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Following European Union’s chief Brexit negotiator’s, Michel Barnier, update to member states, a senior EU diplomat told Reuters that they still have serious concerns on the level playing field and a blockage on fisheries.

The EU’s last offer on fishing rights already goes very far and can only be considered as final, the diplomat added.

Market reaction

The GBP/USD pair showed no immediate reaction to this headline and was last seen losing 0.9% on a daily basis at 1.3345. Meanwhile, the EUR/GBP pair was up 0.35% at 0.9117.