In a statement released Thursday, the European Council noted that progress on key issues of concern to the European Union were not yet sufficient to reach an agreement with the United Kingdom.
“The European Council invites the Union’s chief negotiator to continue negotiations next week and calls on the UK to take the necessary measures to make an agreement possible,” the statement read. “As regards the draft law on the internal market presented by the UK government, the European Council recalls that the Withdrawal Agreement and its Protocols must be fully and timely implemented.”
Market reaction
The pair GBP/USD It did not show an immediate reaction to this statement and was last seen shedding 0.67% on the day at 1.2925.
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