EU's Tusk: Johnson has promised to come forward with a solution that works for all

Author: Justin Low | Category: News

Comments by European Council president, Donald Tusk

  • UK has not come forward with a realistic and workable proposal
  • If there is no proposal by today, will announce that there is no more chance at summit
  • Have received promising signals from Varadkar after meeting yesterday
  • Even the slightest chance must be used
The pound had briefly rallied to a high of 1.2505 against the dollar but has fallen off after the headlines here hit. Tusk's remarks is suggestive that we may not be that much closer to a deal but there is still hope/optimism no less.

Cable sits at 1.2460-70 levels now in what is a bit of a whipsaw period for the pound.

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