The European Union’s main Brexit negotiator, Michel Barnier, has told members of the European Parliament that negotiations on a post-Brexit deal could continue until Wednesday, but no more, RTE Europe editor Tonny Connelly said Monday.
“According to the sources present, Michel Barnier also warned the UK that member states would not approve a deal if they went ahead with the approval of the Internal Market and Finance bills,” Connelly tweeted. “If there is no agreement, the European Commission will be ready to react immediately with contingency plans.”
Market reaction
The libra is falling across the market on Monday amid the lack of a Brexit deal and growing uncertainty. GBP / USD had a modest bounce but is around 1.3270, a drop of almost 150 pips from Friday’s close.
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