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UK Cabinet Minister Alok Sharma recently crossed the wires, via Reuters, make some comments on the Brexit issue.

Key Quotes:

Government has been very clear we will comply with the law.

Govt cautiously optimistic will deliver a deal.

The pound remains heavily sold-off into the BOE policymaker Saunders’ rate cut talks, with GBP/USD flirting with two-week lows near 1.2280.

  • BOE’s Saunders: “Prolonged high Brexit uncertainty” could warrant looser policy – Cable slips below 1.23