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10 Sep 2020

UK's Gove: Made clear to EU would not withdraw legislation

Following his meeting with European Commission Vice President Maros Sefcovic on Thursday, British Cabinet Minister Michael Gove said that he made clear that the UK would not withdraw the Internal Markets Bill.

Additional takeaways

"We have to ensure protocol reflects that Northern Ireland is an integral part of the UK."

"Looking forward to the parliamentary debate on the Internal Market Bill."

"Internal Market Bill is critical."

"Hopefully, parliament will recognise the need for the bill."

"Hopefully, we will see progress in weeks ahead but it's not for me to speculate on chances of success."

Market reaction

The GBP/USD pair extended its slide after these comments and was last seen losing 1.45% on the day at 1.2810.

Sep 10, 2020

BoC's Macklem: Ready to adjust short-term liquidity facilities as market conditions warrant

COVID-19 pandemic may accelerate some global forces that could make growth less inclusive, Bank of Canada Governor Tiff Macklem told a business audien

EUR/GBP: Increasing risk of a move toward last year high in the 0.9325 area – Rabobank

The pound is falling sharply on Thursday amid increasing Brexit concerns following the UK internal market bill that according to Brussels violates the