Irish FM Coveney: Alternative arrangements being discussed do not do same as the backstop

Author: Greg Michalowski | Category: News

Irish finance minister Coveney

PM Johnson has reportedly brought new backstop arrangements to the EU in hopes of finding an alternative solution.  He is expected to have a call with the EU commission Pres. Juncker later on Tuesday.

The GBPUSD is trading back at 1.2300. The high price today reached 1.2308. That is right around the 38.2% retracement of the move down from the June 2019 high. Getting above that level would be more bullish for the pair (see earlier technical post here).

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