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Irish Prime Minister Leo Varadkar recently crossed the wires saying that the EU has already made a lot of compromises and the UK had offered nothing in return for further compromises. “It is a question of what UK is willing to offer EU rather than the other way around,” Varadkar added.   There was no apparent reaction to these remarks and the GBP/USD was last trading flat on the day near 1.3080.

Key quotes (via Reuters)

  • UK government is going against the majority in Northern  Ireland who support the backstop.
  • Backstop could go back to just covering Northern  Ireland.
  • Would argue that the existing withdrawal agreement is already a compromise.