Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Currencies  >  Euro / British Pound (EUR/GBP)    EURGBP   

EURO / BRITISH POUND (EUR/GBP)

SummaryQuotesChartsNews 
SummaryMost relevantAll NewsMarketScreener Strategies

UK's Sunak says he hopes for a Brexit deal but not at any price

11/21/2020 | 03:21pm EST

LONDON, Nov 21 (Reuters) - British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain's hands in the future.

Sunak, one of the few members of Prime Minister Boris Johnson's senior ministerial team to have emerged from the COVID pandemic with an enhanced reputation, was thought to be one of the leading voices in the cabinet who wanted a free trade deal with the EU.

He told the Sunday Times that he hoped Britain and the European Union would secure an agreement.

"Every day I am reviewing bits of text, so there is genuine progress," he said. "Certainly, it would be preferable to have a deal."

But he added: "The major impact on our economy is the coronavirus. It's absolutely not (a question of doing) a deal at any price.

"If we don't get a deal, why is that? It is because they are refusing to compromise on what are some completely reasonable and very transparent principles that we've laid out from the beginning. We are not asking for ... super-special treatment."

The two sides have been locked in talks for months and, while officials say they have made progress in the last few days, a substantial amount still needs to be done for an agreement to be in place and ratified by the year-end deadline.

Sunak gave the interview ahead of a spending review on Wednesday when he will set out the government's spending over the next year, after COVID-19 blew a 200 billion pound ($266 billion) hole in Britain's finances.

He said he hoped that, by next spring, he would be able to start thinking beyond the current need to support the economy and jobs, and considering how he could return the public finances to a sustainable level. ($1 = 0.7529 pounds) (Reporting by Kate Holton, editing by Louise Heavens and Kevin Liffey)


© Reuters 2020
All news about EURO / BRITISH POUND (EUR/GBP)
03:35pEU's Barnier 'very happy' to be back in London to resume post-Brexit trade ta..
RE
01:55pFinancials Down As Bitcoin Slide Hints At Risk Retreat -- Financials Roundup
DJ
12:43pTAKE FIVE : Dark December
RE
12:13pBritish midcaps post weekly losses on Brexit woes, dour outlook
RE
12:12pEUROPE : European shares rise for fourth straight week; Spain's BBVA jumps
RE
09:50aWALL STREET STOCK EXCHANGE : Stocks on Track to End Week Near Record Highs
DJ
09:33aDow, S&P 500 on Track to End Week Near Record Highs
DJ
08:38aStocks reach records; dollar settles lower
RE
08:20aDow, S&P 500 on Track to End Week Near Record Highs
DJ
07:24aDow, S&P 500 on Track to End Week Near Record Highs
DJ
More news
Chart EURO / BRITISH POUND (EUR/GBP)
Duration : Period :
Euro / British Pound (EUR/GBP) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURO / BRITISH POUND (EUR/GBP)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish