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.