Germany's Scholz: Approval of Brexit agreement would be good for economic growth in Europe

Eren Sengezer FXStreet

While speaking in a press conference at the IMF/World Bank annual meeting in Washington, German Finance Minister Olaf Scholz said that the Brexit deal between the United Kingdom and the European Union was "significant progress," and added that the approval of the Brexit agreement would have a positive impact on the economic growth in Europe. "EU officials working intensively with the US to reach agreement on trade; I believe a solution can be reached," Scholz further noted.

Investors largely ignored these comments as they remain on the sidelines ahead of Saturday's critical vote in the UK parliament. As of writing, the GBP/USD pair was virtually unchanged on the day at 1.2890.

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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