Maroš Šefčovič, European Commission Vice President of Interinstitutional Relations and Foresight said on Tuesday, the European Union (EU) “will step up legal proceedings without moves from the UK to remedy the violation of Brexit agreement on Northern Ireland (NI).
Further comments
“Adapting to the new situation resulting from Brexit can be hard.”
“Have proposed a Swiss-style veterinary agreement.”
Market reaction
At the press time, GBP/USD has reversed most of its early gains and tests 1.3850, modestly flat on the day.
The rejection at 1.3900 proved too costly for the GBP bulls, as the US dollar rebounded across the board.
