Speaking on Brexit in testimony to House of Commons
PM May is speaking on Brexit (GBPUSD is at 1.2980 at start of testimony):
- Broad shape of Brexit the deal is now clear
- I have not committed to extending the transition. Does not want to extend implementation period.
- One real, considerable sticking point
- UK has responsibility to help find solution on Irish border
- Extending transition may be preferable to backstop
- Must not be kept in either position indefinitely
- Must protect Northern Ireland businesses access to Great Britain
- Britain needs to explore every opportunity break the impasse
There was not much reaction to the GBPUSD to the comments. The GBPUSD trades a little lower at 1.2971.
