While speaking in a press conference at the IMF/World Bank annual meeting in Washington, German Finance Minister Olaf Scholz said Brexit deal between the United Kingdom and the European Union was a “significant progress,” and added that the approval of the Brexit agreement would have a positive impact on the economic growth in Europe. “EU officials working intensively with the US to reach agreement on trade; I believe a solution can be reached,” Scholz further noted.
Investors largely ignored these comments as they remain on the sidelines ahead of Saturday’s critical vote in the UK parliament. As of writing, the GBP/USD pair was virtually unchanged on the day at 1.2890.
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