British Prime Minister Boris Johnson's spokesman told reporters on Monday that they want to see France step back from the sanction threats it had made, as reported by Reuters.

The spokesman further noted that Britain's ambassador in Paris had been in regular contact with French officials.

Market reaction

These comments don't seem to be having a noticeable impact on the British pound's performance against its major rivals. At the time of press, the GBP/USD pair was down 0.1% on a daily basis at 1.3678.