Barnier Says No-Deal Brexit Possible Despite Market Optimism

  • Pound surged Wednesday on Barnier’s earlier comments on deal
  • Negotiators are due to meet in Brussels on Friday for talks
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European Union chief negotiator Michel Barnier warned that a no-deal Brexit was still a possibility, after comments he made Wednesday were interpreted by investors as implying a successful outcome to talks with the U.K. was more likely.

“Our responsibility is to be prepared for any and all the options,” Barnier toldBloomberg Terminal Germany’s Deutschlandfunk radio Thursday. “That includes a no-deal scenario.”