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.