“Brussels and London were locked in a dispute over the size of the UK’s Brexit bill on Thursday, after the EU suggested that Britain would be obligated to pay EUR47.5 billion (GBP40.8 billion) as part of its post-Brexit arrangements,” the Financial Times (FT) said in a recent Brexit update published early Friday morning in Asia.
“The UK Treasury, on the other hand, reaffirmed that the Brexit divorce settlement would stay within its original central range of GBP35 billion to GBP39 billion. Next week, a revised estimate will be released “FT has been added.
The divorce fee throws another stumbling block in the way of effective Brexit negotiations, which have recently stalled over the Northern Ireland (NI) protocol and fishing laws. The same, combined with concerns about the UK’s July 19 unlock deadline, has weighed on GBP/USD rates, which are now hovering around 1.3800 at press time.
GBP/USD consolidates lower amid broad risk-off sentiment/n
