UK's Frost: No breakthroughs and no breakdowns in N. Ireland talks

Eren Sengezer FXStreet

David Frost, the British minister responsible for implementing the Brexit deal, said on Wednesday that there were no breakthroughs and no breakdowns in Northern Ireland Protocol talks with the European Union, as reported by Reuters.

"We need to find a solution," Frost added and reiterated that the UK is happy to work on pragmatic solutions with the EU.

Market reaction

The market mood remains sour following these comments. As of writing, the UK's FTSE 100 Index was down 0.57% on the day at 7,054 and the Euro Stoxx 50 Index was losing 0.32% at 4,083.

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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