UK Prime Minister (PM) Rishi Sunak said in a BBC News interview that “the framework is what we have agreed with the European Union” when whether he would impose the new deal without the backing of Northern Ireland's Democratic Unionist Party (DUP).

He added, “This is not necessarily about me or any one political party. This is about what's best for the people and communities and businesses of Northern Ireland and this agreement will make a hugely positive difference to them.”

Market reaction

The GBP/USD pair is off the low, trading at around 1.2040 on Sunak’s comments. The pair is still losing 0.18% on the day.