EU's von der Leyen: EU and UK still quite far apart

The European Union needs to strengthen its internal market and value chains, European Commission President Ursula von der Leyen said Thursday.

Key takeaways

"Next 6 months will be crucial for the future of the EU."

"Every day we lose will bring job losses and corporate failures."

"All member states must look beyond their own narrow interests."

"Challenges from before the crisis remain after the crisis."

"Climate change continues mercilessly and so recovery fund presents the opportunity."

"The EU needs to strengthen the internal market and value chains."

"The EU will not accept Brexit agreement at any price."

"The EU and the UK are still quite far apart."

"Will have to prepare for other possible exit strategies on Brexit."

"EU relations with China are complicated."

"Europe must do more than overcome COVID crisis, must emerge stronger."

"Unprecedented crisis needs an unprecedented answer."

The EUR/USD pair edged lower amid risk-off flows in the last hour and was last seen losing 0.16% on a daily basis at 1.1232.