FX

UK’s Frost: We need to try everything before triggering Article 16

David Frost, the British minister responsible for implementing the Brexit deal, said on Monday that he is hopeful they will “get something from the EU” on the Northern Ireland Protocol soon, as reported by Reuters.

Additional takeaways

“I don’t think we can wait that long for it.”

“We need a short, intensive good-faith talks process to happen quite soon.”

“We need to try everything before triggering Article 16.”

“Confident we can trigger Article 16 swiftly but would not do it suddenly.”

Market reaction

These comments don’t seem to be having a noticeable impact on market sentiment. As of writing, the UK’s FTSE 100 Index was virtually unchanged on the day at 7,024.

Articles You May Like

Yen Soars With Falling Yields, Sterling Resilient
GBP/USD Price Analysis: Bulls gather strength to take out the key 1.2200 resistance
NZD Rises after RBNZ Jumbo Rate Hike, Pressure Back on Dollar
Major US stock indices open mixed
no loss trading strategy

Leave a Reply

Your email address will not be published. Required fields are marked *