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Ireland's Coveney: EU concluded there is no chance of a full free trade agreement by end-2020

The European Union has already concluded that there is no chance for reaching a full free trade agreement with the United Kingdom by the end of 2020, Irish Foreign Minister Simon Coveney said on Wednesday, per Reuters.

"Regardless of what British Prime Minister Boris Johnson says, there will be checks between N.Ireland and rest of the UK," Coveney added. "It is accepted at the EU level that the British government is very unlikely to seek an extension."

GBP struggles to find demand

Ahead of the Bank of England's base rate decision on Thursday, the GBP/USD pair is down 0.25% on the day at 1.2995.

US: International trade deficit rose to $68.3 billion in December vs. $68.75 billion expected

The international trade deficit of the United States rose to $68.3 billion in December from $63 billion in November, the data published by the US Cens
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Yemen's Houthis say targeted Aramco facilities in Jizan, Saudi Arabia – Al Jazeera TV

Yemen's Iran-aligned Houthi rebels have targeted oil facilities that belong to Saudi Aramco in Jizan, Saudi Arabia, Al Jazeera reported on Wednesday.
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