EU Diplomat: We are at a make it or break it moment
|There has been some progress after the latest round of negotiations between the UK's chief Brexit negotiator David Frost and his European counterpart Michel Barnier but they failed to bridge all differences, an EU diplomat said on Monday, per Reuters.
"Gaps include stable access to UK waters for EU fishermen and state aid provisions," the diplomat further noted and added that they are at a "make it or break it" moment.
Market reaction
The British pound continues to have a difficult time finding demand after this headline and the GBP/USD pair was last seen losing 1.3% on a daily basis at 1.3260.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.