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The EU’s position is that the EU is open to extending Brexit negotiations by one or two years, EU’s chief Brexit negotiator Michel Barnier said on Wednesday.

“Britain cannot cherry-pick parts of the EU single market in any Brexit deal,” Barnier added. “Vritain is demanding a lot more from the EU than Canada, Japan or other free trade partners.”

Market reaction

The GBP/USD continued to erase its daily gains on these comments and was last seen trading at 1.2750, where it was still up 0.15% on the day.

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