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British Prime Minister Boris Johnson’s spokesman announced on Monday that the negotiating teams of the UK and the EU will meet in London on Wednesday, will engage in talks until Friday and move to Brussels next week, as reported by Reuters.

Additional takeaways

“The UK is fully committed to finding solutions in areas of difference.”

“Committed to working hard ahead of October EU Council.”

“A significant amount of work still to do, time is short.”

“Doesn’t envisage PM attending October EU summit.”

“By October 15th, we need to be in a position to tell businesses if there will be a deal or not.”

Market reaction

The GBP/USD pair largely ignored these comments and was last seen losing 0.23% on a daily basis at 1.2948.