Pound falls as Boris Johnson takes tough line on EU trade deal
Post-Brexit stance by Brussels is threat of tariffs on UK goods unless rules are complied with
The pound fell on Monday after Boris Johnson warned that Britain would not accept alignment with EU rules in any Brexit trade deal, while Brussels threatened to put tariffs on UK goods unless he complies.
Sterling sold off sharply after the prime minister and the EU’s chief negotiator, Michel Barnier outlined tough opening positions for post-Brexit trade talks, dipping by more than two cents against the dollar and about a cent against the euro.