ZGBR - Pound slips further as EU prepared to walk away from trade negotiations

"I want to be clear: this deal will not be made at any price," French President Emmanuel Macron declared at the EU summit in Brussels. "If these conditions are not met... We are ready for a no-deal.""We want an agreement, but of course not at any cost," added German Chancellor Angela Merkel. "It has to be a fair agreement from which both sides can profit. But all the effort is worth it and we will of course support the negotiations of [EU negotiator] Michel Barnier and [the European commission president] Ursula von der Leyen."According to a leaked draft of the leaders' summit communique, the EU will note "with concern that progress on the key issues of interest to the union is still not sufficient for an agreement to be reached." Discussions are currently held up over fishing rights and state aid, but the bloc will call on Barnier to "continue

For further details see:

Pound slips further as EU prepared to walk away from trade negotiations