Sterling appears to be boosted by upbeat comments from Brexit Minister Dominic Raab. He said in the parliament that a Brexit deal with EU was “within our sights” and the negotiation would intensifies as the divorce date approaches. Raab also added that UK’s Brexit plan received positive reactions from EU. He said the plan “had a reasonably positive landing” And “we’re getting a lot of constructive engagement, and … a lot of talk about the practical considerations rather than ‘in principle’ dismissal, and I think that’s valuable from our point of view”.
EU chief negotiator Michel Barnier also said that the EU is prepared to offer a partnership with UK unlike with another other country. That’s seen as a gesture that EU is also committed to a deal. Barnier said in Berlin that “we are prepared to offer Britain a partnership such as there never has been with any other third country.” And, “We respect Britain’s red lines scrupulously. In return, they must respect what we are,” he said. “Single market means single market … There is no single market a la carte.”
And the these comments invalidated fake news report that Raab is frustrated to get availability from Barnier on face-to-face talks.
GBP/USD surges through 1.2956 resistance on the news.
GBPJPY also picks up strong upside momentum again.
