EU's Barnier: Negotiations to continue until Wednesday but no further – RTE

The European Union's chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.

"According to sources present, Michel Barnier also warned the UK that a deal would not be approved by member states if it pressed ahead with passing the Internal Market and the Finance Bills into law," Connelly further tweeted out. "If there was no deal, then the European Commission will be ready to react immediately with contingency plans."

Market reaction

The GBP/USD pair showed no immediate reaction to these remarks and was last seen losing 1.2% on a daily basis at 1.3275.