David Frost, the British minister responsible for implementing the Brexit deal, said on Tuesday that "it takes two" to fix the UK's relationship with the EU, as reported by Reuters.

"Despite the Indo-Pacific tilt, hard business of European defence remains vital," Frost added and noted that they will always look for constructive relations with France.

Market reaction

The GBP/USD pair remains on the back foot following these comments and was last seen trading at 1.3578, where it was down 0.12% on a daily basis.