Comments after phone call with Irish PM Varadkar

EU Juncker is reiterating thoughts already expressed. He says:

  • number of problematic points remain in UK Brexit proposal
  • further work is needed by the UK

The comments come following a call with Irish PM Varadkar.

The GBPUSD is back below its 50% retracement and hundred bar moving average on the 4 hour chart at 1.2392. Lower support comes in against the 200 hour moving average at 1.2347 area.

GBPUSD on the hourly chart