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7 Sep 2020

EU Commission: EU ready to trade with UK under WTO terms if no Brexit deal

The European Commission said on Monday that it engaged constructively and in good faith with the UK and reiterated that it will do everything possible to reach an agreement aligned with the EU's long term interests.

"The UK's decision to leave the single market will inevitably create barriers," the Commission added. "The EU will be ready in the event of a no-deal scenario to trade with the UK under the WTO terms as of January 1, 2021."

Market reaction

The GBP/USD stays under strong bearish pressure on Brexit pessimism and was last seen losing 1% on the day at 1.3150.

Sep 7, 2020

German government spokesman: UK must make concessions in Brexit talks

"Germany is convinced that it's still possible to reach a Brexit deal with the UK," a German government spokesman said on Monday, as reported by Reute
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Sep 7, 2020

Euro's credibility is a trap for the Eurozone – Natixis

If the eurozone implements policies that reduce the member countries' heterogeneity, increase solidarity between countries and boost the technological
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