UK Brexit minister Raab speaks

  • EU can't cherry pick bits of the negotiations it likes in event of no deal
  • asked about Northern Ireland, says needs to be shipped across the board in EUs approach, and will have to meet us halfway
  • in event of no deal, Britain would not pay a penny more than strict legal obligations
  • lawmakers will face a choice between no deal an agreement reached which will focus minds
  • UK will pay substantially less than agreed settlement of around 39B pounds in the event of no deal
  • we are making progress every time we meet for Brexit negotiations
  • confident that if the pragmatism we have shown is matched, there will be a deal
  • Brexit deal needs to set out a clear model for the relationship we will have

The GBPUSD is trading at 1.1311. The high for the day reached 1.31232. A topside trend line on a break will look toward 1.3152.