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