UK’s Raab: Disappointed and surprised by the EU’s position on Brexit

Dhwani Mehta FXStreet

“We are disappointed and surprised by the European Union (EU) position on Brexit,” the UK Foreign Secretary Dominic Raab said in response to the EU’s ultimatum of deciding on the Brexit fate.

He added: “We cannot have to make all the compromises on Brexit.”

Further comments

“We are close to a deal.”

“EU wants UK fisheries to be under their rules.”

“A deal also 'depends on the other side'.”

“With goodwill on both sides, we can get there.”

Market reaction

On Raab’s optimism about the Brexit deal, the GBP/USD pair bounced-off daily lows of 1.2883.

The spot now trades at 1.2912, modestly flat on the day.

GBP/USD Price Analysis: Teasing a triangle breakdown, eyes on PM Johnson’s Brexit decision

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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