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Michael Gove, a Conservative politician and the Cabinet Office Minister who is in charge of no-deal  Brexit  planning, crossed the wires last minutes, speaking before the British parliament.

Key Quotes (via Reuters):

“We hope that the EU will engage with us seriously, and in getting out these proposals we’ve moved, and it is now time for the EU to move too.”

“If it does, then there is still every chance we can leave with a new deal. However, if the EU does not move, this government is prepared to leave without a deal on the 31st.”

Amid Brexit talks collapsing and a Brexit deal seemingly impossible, the sentiment around the pound remains undermined, with GBP/USD testing bulls’ commitment ahead of the 1.22 handle.