UK finance minister Hammond speaking in Brussels 27 Jan

  • but want to strengthen trade ties with partners around the world
  • will abide by rules of EU

Ya da ya da. Cake and eat it spring to mind. Pure political posturing.

"We will continue to abide by the rules and regulations and the laws of the EU for so long as we are members"

Ok, talking of which it's time to pay our monthly EU contributions and we may start to see some usual month-end EURGBP demand.

Meanwhile GBPUSD stuck 1.2530-50 for the moment. Expect a clear break to accelerate momentum.

Hammond - Will abide by EU rules