Read more on this subject: European Union
News Story Source: https://www.zerohedge.com, by Tyler Durden
"There's now the strong possibility we will have a solution that's much more like an Australian relationship with the EU than a Canadian relationship with the EU," BoJo said.

He added that "now is the time" for businesses and the public to prepare for that outcome, although negotiators would continue talks. He added that negotiations were "not yet there at all."

The pound tumbled on the news as the odds of a last-minute breakthrough dimmed.

As we await the next round of last-minute talks involving Boris Johnson and European Commission head Ursula von der Leyen, markets are expressing an as-yet-unseen level of anxiety.

Looking at the GBPUSD futures curve, it looks like investors are finally pricing in near-term risk that the UK will crash out of the EU without a deal.

European Commission proposes contingency measures ensuring basic reciprocal air and road connectivity between the EU and the U.K., as well as allowing for the possibilit
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