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Irish foreign minister Simon Coveney recently crossed the wires explaining that the EU was trying to put a package  together to provide the British Parliament with the reassurances that they are looking for. With the initial reaction to this headline, the GBP/USD pair gained traction and was last seen trading at 1.3090, adding 0.55% on a daily basis.

Key quotes (via Reuters)

  • EU will not compromise on core issues in trying to ease UK concerns on Irish border backstop.
  • Withdrawal agreement cannot be changed.
  • Brexit negotiations are ongoing, understand UK PM to travel to Strasbourg to seek to finalise an agreement.
  • There are still obstacles in negotiations.