The British Prime Minister Boris Johnson spoke on Thursday, warning of a strong possibilities of a no-deal outcome.
Key comments
“I do think that we need to be very, very clear there’s now a strong possibility, a strong possibility, that we will have a solution that’s much more like an Australian relationship with the EU, than a Canadian relationship with the EU.
“It doesn’t mean it’s a bad thing.”
“What I’ve said to our negotiators is that we’ve got to keep going, and we’ll go the extra mile … and I will go to Brussels, I will go to Paris or go to Berlin or wherever, to try to get this home and get to a deal.”
“But there’s always the possibility, the prospect, of coming out on Australian terms.”
Market implications
Cable has consolidated in New York after expending the downside in yesterday’s headlines that a deal still remained elusive.
The pound dropped late on Wednesday, after a dinner between UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen ended with both sides still “far apart”.