The EU’s mandate in key areas is not likely to produce an agreement, the UK’s chief Brexit negotiator David Frost told reporters on Wednesday. Key quotes “We do not yet have a date for the high-level review of the negotiations.” “The EU needs to evolve its position to reach an agreement.” “Policy enshrined in the EU’s mandate isn’t one that can be agreed by us.” “Would be good if the EU made a decision sooner on data adequacy and financial services.” Market reaction The GBP/USD fell sharply on these comments and was last seen down 0.45% on the day at 1.2277. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD refreshes session lows, retreats nearly 100 pips from daily swing high FX Street 3 years The EU's mandate in key areas is not likely to produce an agreement, the UK's chief Brexit negotiator David Frost told reporters on Wednesday. Key quotes "We do not yet have a date for the high-level review of the negotiations." "The EU needs to evolve its position to reach an agreement." "Policy enshrined in the EU's mandate isn't one that can be agreed by us." "Would be good if the EU made a decision sooner on data adequacy and financial services." Market reaction The GBP/USD fell sharply on these comments and was last seen down 0.45% on the day at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.