The coronavirus outbreak makes reaching a Brexit deal with the UK even more important, EU’s chief Brexit negotiator Michel Barnier said on Wednesday. Barnier further added that their ambition is still to reach a deal with Britain in all sectors.
Additional takeaways
“We welcome competition with Britain, as a non-EU state, but must be balanced, fair.”
“Britain is in a unique position in terms of proximity to the EU and volume of trade.”
“Relationship with Britain won’t be the same as the EU’s with Canada, Japan.”
“There cannot be a trade deal with Britain without a deal on fishing, the level playing field.”
Market reaction
The UK’s FTSE 100 Index clings to modest daily gains at 6,340 points after these remarks. Meanwhile, the GBP/USD pair was last seen gaining 0.37% on the day at 1.2776.
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