Brexit: UK's Frost says EU proposals on N. Ireland don't go far enough

Eren Sengezer FXStreet

David Frost, the British minister responsible for implementing the Brexit deal, said on Monday that the European Union's proposals wouldn't deliver the "freeing up of trade" they would want to see, as reported by Reuters.

"The problem with the EU proposals on Northern Ireland is that they don't go far enough," Frost added and reiterated that significant gaps remain.

Market reaction

The initial market reaction to these comments was largely muted. As of writing, the GBP/USD pair was trading at 1.3758, where it virtually unchanged on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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