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EU Barnier said no operational Irish backstop, no brexit accord, but Sterling rallies anyway

More from EU chief Brexit negotiator Michel Barnier. He reiterated in a news conference that “we are still not at the 100 percent” on the Brexit agreement. And, “What is missing is a solution for the issue of Ireland.” He added that “Without an operational backstop there will not be an accord and there will not be a transition period. That is certain.” Besides Barnier also echoed Ireland’s stance that the backstop “cannot have an end-date” and “it must be applicable unless and until another solution is found.”

But Sterling pays little attention to the negative Brexit news this week. It’s the strongest one for today and is extending recent rally.

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