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.
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