FX

UK’s Frost: We need to try everything before triggering Article 16

David Frost, the British minister responsible for implementing the Brexit deal, said on Monday that he is hopeful they will “get something from the EU” on the Northern Ireland Protocol soon, as reported by Reuters.

Additional takeaways

“I don’t think we can wait that long for it.”

“We need a short, intensive good-faith talks process to happen quite soon.”

“We need to try everything before triggering Article 16.”

“Confident we can trigger Article 16 swiftly but would not do it suddenly.”

Market reaction

These comments don’t seem to be having a noticeable impact on market sentiment. As of writing, the UK’s FTSE 100 Index was virtually unchanged on the day at 7,024.

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