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The EU’s chief Brexit negotiator, Michel Barnier was out with some Brexit-related comments in the last hour and said that the possibility of a trade agreement with the UK remains.

Key quotes:

  • Brexit talks have a narrow path to an agreement.
  • There is very little time left in Brexit trade talks.
  • The obstacles for UK trade agreement remain large.
  • UK must respect the integrity of the EU.
  • We respect the UK wish to control fishing grounds.
  • We respect UK sovereignty.

The comments, however, did little to ease the intraday bearish pressure surrounding the British pound. In fact, the GBP/USD pair was last seen hovering near the lower end of its daily trading range, just above the key 1.3500 psychological mark.