With looming Brexit risks, the European Union (EU) Financial Services Chief Mairead McGuinness said that “after a regulatory forum in place, EU will consider if it can resume assessment for UK financial services. “
Additional quotes
“EU financial services not isolated from wider EU-UK political relationship.”
“If Britain avoids unilateral actions, it would help co-operation in financial services.”
“Not trying to steal business from London, but to build own market infrastructure.”
Market reaction
On the above comments, GBP/USD bounced off 1.3860 lows to now trade at 1.3874, still losing 0.39% on the day.
