Technical Analysis

Barnier: EU keen to offer Brits a unilateral exit from single customs, however little progress on Brexit talks

FTs Mehreen Khan tweets.

FTs Mehreen Khan tweets.
The FTs Mehreen Khan has tweeted that EU is willling to offer Brits a unilateral exit from single customs territory whereas preserving the weather of the backstop. That tweet was adopted with:

“Barnier usually gloomy. Mentioned Cox’s mini-backstop plans was a unilateral exit clause in disguise. Informed ambassadors the arrival of the legal professional normal has led to no progress. Process Drive 50 able to counter the UK’s blame sport with their very own PR offensive” 

The worth of the GBPUSD has moved decrease on the tweets and now checks the 1.3000 degree. The autumn additionally got here on the London fixing time.  Not an excellent time for headlines.

GBPUSD moves down to test the 1.3000 level.

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