Responding to a question about the odds of a much-awaited Brexit breakthrough, the European Union (EU) Chief Brexit Negotiator said, “We remain determined to strike a Brexit deal.”
His comments come as he lands in London ahead of the informal trade talks.
Both the UK and the EU remain adamant on their demands over the access to fishing waters but Barnier has previously confessed that Brussels could grant concessions late on in negotiations.
Market reaction
GBP/USD jumped nearly 45-pips to session highs of 1.2744 in a knee-jerk reaction to Barnier’s optimistic comments before reversing to 1.2725 region, where it now wavers.
The spot hit a two-month low of 1.2676 but the bulls were rescued by the renewed Brexit optimism and broad dollar retreat.
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