Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

UK will explore every avenue for EU deal, PM Johnson tells France's Macron

Published 10/10/2020, 09:51 AM
Updated 10/10/2020, 10:05 AM
© Reuters. FILE PHOTO: Britain's PM Johnson meets Ukraine's President Zelenskiy in London

LONDON (Reuters) - Britain will explore every avenue for a trade deal with the European Union but progress to bridge significant gaps needs to be made in the coming days, British Prime Minister Boris Johnson told French President Emmanuel Macron on Saturday.

Johnson has set a deadline of the Oct. 15 EU summit for agreement on a deal, and the EU is seeking a few more concessions before entering the final phase of negotiations.

"(Johnson) confirmed the UK's commitment to exploring every avenue to reach an agreement," Johnson's Downing Street office said in a read-out of the call.

"The Prime Minister emphasised that progress must be made in the coming days to bridge the significant gaps, notably in the areas of fisheries and the level playing field, through the process of intensive talks between Chief Negotiators."

The two chief negotiators, the EU's Michel Barnier and Britain's David Frost, say they are inching towards a deal ahead of the Oct. 15 deadline, though they have underscored that important gaps remain.

Johnson told Macron that Britain wanted a deal, but not at any price.

"He underlined that a deal was better for both sides, but also that the UK was prepared to end the transition period on Australia-style terms if an agreement could not be found," Johnson's office said.

© Reuters. FILE PHOTO: Britain's PM Johnson meets Ukraine's President Zelenskiy in London

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.