> EU's Barnier: If there is a no-deal Brexit, it would be the responsibility of the UK

EU's Barnier: If there is a no-deal Brexit, it would be the responsibility of the UK

Tuesday, 02/04/2019 | 07:21 GMT-0

The finger-pointing is already starting

If there is no-deal, EU would still demand the UK to honour its obligations on citizens' rights, financial services and Irish border

With the Brexit impasse still unresolved, no-deal talk is starting to creep back into the picture. If it does eventually come to this, the downside for the pound has quite some way to go. Cable trading around the 1.3000 level can be considered a mid-point in this whole Brexit debate, so markets have basically not priced in much - if any - of a no-deal scenario currently.