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In an interview with the BBC on Monday, Irish Prime Minister (PM) Leo Varadkar noted that the European Union (EU) will have the upper hand in post-Brexit trade talks with the UK.  

Key Headlines:

Questions UK Prime Minister Boris Johnson’s timetable of striking a deal by the end of the year.

The European Union is a union of 27 member states. The UK is only one country. And we have a population and a market of 450 million people.

The GBP/USD pair shrugs off the above comments, as it extends its recovery attempts towards the 1.31 handle amid a fresh round of broad US dollar selling.