“It would be wise to plan on the basis that there will not be a trade deal between the European Union and the United Kingdom,” European Central Bank policymaker and Irish Central Bank Governor Gabriel Makhlouf said on Monday.
“We think the financial system as a whole is ready for Brexit,” Makhlouf added, as reported by Reuters.
Market reaction
The British pound preserves its strength against its rivals on Monday. As of writing, the GBP/USD pair was u 0.68% on the day at 1.2880 and the EUR/GBP pair was down 0.4% at 0.9221.
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