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.