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EU's Barnier: We are prepared for a no-deal Brexit

Adding to his earlier comments, EU chief negotiator Michel Barnier was further noted saying that we are prepared for no-deal Brexit but have to find a compromise on Irish border issue.

The comments followed an earlier statement by the UK government spokesman that the UK Cabinet is stepping up preparations for a no-deal scenario.

Meanwhile, the GBP/USD pair seemed unfazed by the incoming Brexit headlines and held on to its disappointing UK data-led weaker tone below mid-1.3200s.
 

Canada Building Permits (MoM) came in at 4.7%, above forecasts (0.1%) in May

Canada Building Permits (MoM) came in at 4.7%, above forecasts (0.1%) in May
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EUR/USD bounces off lows, looking to stay above 1.1700

The negative mood persists around the European currency during the first half of the week, motivating EUR/USD to briefly visit lows in the sub-1.1700
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