EU President Tusk speaking to reporters as the EU summit winds up 23 March
- EU leaders to make assessment in June on Irish situation
- EU leaders had very intensive talks on trade
Upbeat comments helping to keep a bid under GBPUSD along with the 0.8720-25 option expiry battle going on.
Germany's Merkel:
- EU and UK need to negotiate intense free trade agreement
- EZ needs clear and quick progress on banking union
- will continue trade talks with US but only on WTO basis
EU's Juncker:
- 1 May deadline for tariff exemption talks is not realistic
Option expiry time and EURUSD breaks higher to 1.2354, EURGBP back up to 0.8723 but GBPUSD remains underpinned and now posting 1.4162 amid general USD supply.
