Markets are responding in kind to a report released by Bloomberg that states that the European Union is considering a fresh proposal on fishing rights from the UK. In a previous post, it was noted that the UK’s prime minister Boris Johnson is aiming to secure an 11th-hour trade deal. UK PM Johnson said to make ‘last-ditch push’ for Brexit deal with move on fish whereby the UK is ready to let the EU boats retain two-thirds of their catch, according to Bloomberg. ”Both parties had signalled over the weekend that they could make no further compromises, but on Monday the UK offered to give further ground if the EU backed down in other areas, according to people familiar with the negotiations,” the article reads. ”The latest suggestion from Britain would see the EU reduce the value of the fish it catches in UK waters by about a third. Last week the UK was insisting the EU accept a 60% cut.” Market implications Subsequently, traders have bought back sterling on profit-taking and stop losses have likely exacerbated the move in EUR/GBP below prior support to the next structure on the hourly chart: EUR/GBP Price Analysis: Bears take back control, eyes on 0.9031 POC FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD sees 100 pip spike on UK PM’s “last ditch” push for a Brexit deal FX Street 1 year Markets are responding in kind to a report released by Bloomberg that states that the European Union is considering a fresh proposal on fishing rights from the UK. In a previous post, it was noted that the UK's prime minister Boris Johnson is aiming to secure an 11th-hour trade deal. UK PM Johnson said to make ‘last-ditch push’ for Brexit deal with move on fish whereby the UK is ready to let the EU boats retain two-thirds of their catch, according to Bloomberg. ''Both parties had signalled over the weekend that they could make no further compromises, but on Monday the UK offered to give further… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
