EU’s von der Leyen: Cliff-edge Brexit will harm UK more than it would the EU

Reuters reports the latest comments from the President of the European Commission Ursula von der Leyen, with the key headlines found below.

If there is no trade deal by the end of 2020, we will face a cliff-edge Brexit.

Cliff-edge Brexit will harm UK more than it would the EU.

We will make the most of the time available.

Ready to start talks with UK on trade deal on 1 February.

• GBP/USD holds steady above 1.3100 handle, moves little post-UK CPI
• UK annualized CPI beats estimates with 1.5%