UK PM Johnson: An agreement with the EU is still possible

Early Tuesday morning n Asia, UK PM Boris Johnson crossed wires while speaking on Brexit and other political matters. While the UK leader shows readiness to trigger Article 16, he also remains hopeful of an agreement with the European Union (EU) as the Brexit talks continue.

Key quotes

The Russian pipeline to Europe poses a threat to stability.

An agreement with the EU is still possible.

Triggering Article 16 will be perfectly legitimate.

I hope to reach a negotiated settlement with northern Ireland.

FX implications

GBP/USD remains pressured around 1.3413, consolidating gains marked during Friday and Monday, irrespective of the positive news.

Read: GBP/USD bulls fail first attempt to break 1.3450 critical round number