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A senior European Union (EU) diplomat accused the UK PM Boris Johnson of launching a “kamikaze” showdown with Brussels and increasing the risk of a  no-deal Brexit, as cited by the UK Times.

The diplomat said: “If there’s not to be a hard border, there must be full regulatory alignment [with the EU’s customs territory]. So the choices are limited and quite clear. Anything else is kamikaze.”

The EU Diplomats fear that Mr Johnson  is deliberately attempting to push the  EU  into rejecting his proposals in order to blame their intransigence for a move towards a no-deal Brexit.  

Having failed several attempts to hold above the 1.23 handle, the GBP/USD pair consolidates in a narrow range around 1.2290 region so far this Wednesday’s Asian trading amid fresh UK political drama.