UK’s Barclay: There is recognition for NI protocol, but it is not working

Market news

12 October 2021

UK’s Barclay: There is recognition for NI protocol, but it is not working

The UK Cabinet Minister and former Brexit Minister Stephen Barclay expressed his concerns on the Northern Ireland protocol, which remains a headwind for the pound amid renewed Brexit jitters.

Barclay said: “There is recognition on both sides that the protocol needs to work for both communities in Northern Ireland, but the protocol is not working.”

Market reaction

GBP/USD is off the highs, attacking 1.3600 amid the Brexit headlines and downbeat mood. The spot is up 0.08% on the day.

New Zealand: Food Prices Index, y/y, September 4%

Commodities. Daily history for Monday, October 11, 2021

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