U.K., EU Officials Push Back Against Brexit Bank Deal Report
- Times reported preliminary agreement based on equivalence
- Barnier and U.K. officials play down report, pound pares gains
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British and European officials are playing down reports that a Brexit deal has been reached for banks that would provide access to the single market after the U.K. leaves the bloc. The pound pared gains.
The European Union’s chief Brexit negotiator Michel Barnier said in a tweet on Thursday that the bloc was “ready” to have “close regulatory dialogue” with the U.K., but dismissed the reporting of a deal on banks’ access to the single market: “Misleading press articles today on #Brexit & financial services.”