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Commenting on the latest developments surrounding the Brexit negotiations between the United Kingdom (UK) and the European Union (EU), some EU diplomats said that negotiators  hit a stumbling block in Brexit talks related to future trade deal after Brexit and fair competition clauses, as reported by Reuters.

“British Prime Minister Johnson- Democratic Unionist Party (DUP) talks also play a part in the current standstill,” they added.

As of writing, the GBP/USD pair was down 0.6% on the day at 1.2710 and the EUR/GBP was up 0.57% at 0.8675.