Trade Talk Drives GBP Over Virus Fears -- Market Talk
February 24 2020 - 4:18PM
Dow Jones News
21:48 GMT -- GBP/USD is trading in a narrow range around 1.2920.
With only 12 coronavirus cases in the UK (of which 8 patients have
since recovered and no recorded deaths,) GBP will be driven for now
by trade negotiations with the EU. CBA says the EU and UK are
expected to formalize their negotiation objectives this week. The
UK has already emphasized that under a new trade relationship with
the EU there will be regulatory flexibility and an end to the role
of the European Court of Justice. In contrast, the EU insists on
regulatory alignment on issues like the environment, state aid and
worker's rights. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
February 24, 2020 17:03 ET (22:03 GMT)
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